Bitcoin Intraday: the upside prevails as long as 114750 is support
Bitcoin (BTC/USD)
+141.08+0.12%
the upside prevails as long as 114750 is support.
Our pivot point is at 114750.
Our preference: the upside prevails as long as 114750 is support.
Alternative scenario: the downside breakout of 114750 would call for 113590 and 112900.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 115394 and 115235).
Supports and resistances:
119240 **
118550 *
117860 **
117170
115740 last
115200
114750 **
113590 *
112900 **
Our preference: the upside prevails as long as 114750 is support.
Alternative scenario: the downside breakout of 114750 would call for 113590 and 112900.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 115394 and 115235).
Supports and resistances:
119240 **
118550 *
117860 **
117170
115740 last
115200
114750 **
113590 *
112900 **
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