Bitcoin Intraday: the upside prevails as long as 106480 is support
Bitcoin (BTC/USD)
+504.04+0.47%
the upside prevails as long as 106480 is support.
106480 is our pivot point.
Our preference: the upside prevails as long as 106480 is support.
Alternative scenario: the downside breakout of 106480 would call for 104780 and 103770.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 106976 and 106047).
Supports and resistances:
113060 **
112050 *
111030 **
110020
107914 last
107150
106480 **
104780 *
103770 **
Our preference: the upside prevails as long as 106480 is support.
Alternative scenario: the downside breakout of 106480 would call for 104780 and 103770.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 106976 and 106047).
Supports and resistances:
113060 **
112050 *
111030 **
110020
107914 last
107150
106480 **
104780 *
103770 **
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