Bitcoin Intraday: the upside prevails as long as 108640 is support
Bitcoin (BTC/USD)
-2006.99-1.84%
the upside prevails as long as 108640 is support.
108640 is our pivot point.
Our preference: the upside prevails as long as 108640 is support.
Alternative scenario: the downside breakout of 108640 would call for 107300 and 106490.
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 109533 and 109487).
Supports and resistances:
113820 **
113020 *
112220 **
111420
109701 last
109170
108640 **
107300 *
106490 **
Our preference: the upside prevails as long as 108640 is support.
Alternative scenario: the downside breakout of 108640 would call for 107300 and 106490.
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 109533 and 109487).
Supports and resistances:
113820 **
113020 *
112220 **
111420
109701 last
109170
108640 **
107300 *
106490 **
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