Bitcoin Intraday: the upside prevails as long as 119780 is support
Bitcoin (BTC/USD)
-236.78-0.20%
the upside prevails as long as 119780 is support.
Our pivot point is at 119780.
Our preference: the upside prevails as long as 119780 is support.
Alternative scenario: the downside breakout of 119780 would call for 118490 and 117730.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119615 and 118868).
Supports and resistances:
124840 **
124070 *
123310 **
122540
120794 last
120280
119780 **
118490 *
117730 **
Our preference: the upside prevails as long as 119780 is support.
Alternative scenario: the downside breakout of 119780 would call for 118490 and 117730.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119615 and 118868).
Supports and resistances:
124840 **
124070 *
123310 **
122540
120794 last
120280
119780 **
118490 *
117730 **
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