Bitcoin Short Term: the upside prevails as long as 68760 is support
Bitcoin (BTC/USD)
-169.16-0.22%
the upside prevails as long as 68760 is support.
Our pivot point is at 68760.
Our preference: the upside prevails as long as 68760 is support.
Alternative scenario: the downside breakout of 68760 would call for 60170 and 55050.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 72406 and 70719).
Supports and resistances:
98070 *
92850 **
87620
76435 last
68760 **
60170 *
55050 **
Our preference: the upside prevails as long as 68760 is support.
Alternative scenario: the downside breakout of 68760 would call for 60170 and 55050.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 72406 and 70719).
Supports and resistances:
98070 *
92850 **
87620
76435 last
68760 **
60170 *
55050 **
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