Bitcoin Intraday: the upside prevails as long as 108220 is support
Bitcoin (BTC/USD)
+3065.34+2.83%
the upside prevails as long as 108220 is support.
Our pivot point stands at 108220.
Our preference: the upside prevails as long as 108220 is support.
Alternative scenario: below 108220, expect 106490 and 105460.
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 trading above both its 20 and 50 period moving average (respectively at 108424 and 107487).
Supports and resistances:
115280 **
114250 *
113210 **
112180
109976 last
108890
108220 **
106490 *
105460 **
Our preference: the upside prevails as long as 108220 is support.
Alternative scenario: below 108220, expect 106490 and 105460.
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 trading above both its 20 and 50 period moving average (respectively at 108424 and 107487).
Supports and resistances:
115280 **
114250 *
113210 **
112180
109976 last
108890
108220 **
106490 *
105460 **
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