Bitcoin Intraday: the upside prevails as long as 110990 is support
Bitcoin (BTC/USD)
-57.12-0.05%
the upside prevails as long as 110990 is support.
Our pivot point stands at 110990.
Our preference: the upside prevails as long as 110990 is support.
Alternative scenario: below 110990, expect 109790 and 109070.
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 111506 and 111277).
Supports and resistances:
115660 **
114940 *
114220 **
113510
112038 last
111460
110990 **
109790 *
109070 **
Our preference: the upside prevails as long as 110990 is support.
Alternative scenario: below 110990, expect 109790 and 109070.
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 111506 and 111277).
Supports and resistances:
115660 **
114940 *
114220 **
113510
112038 last
111460
110990 **
109790 *
109070 **
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