Bitcoin Intraday: the upside prevails as long as 59390 is support

Bitcoin (BTC/USD)
+156.94+0.26%
the upside prevails as long as 59390 is support.
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59390 is our pivot point.

Our preference: the upside prevails as long as 59390 is support.

Alternative scenario: below 59390, expect 58630 and 58180.

Comment: the RSI is above 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 59819 and 59750).

Supports and resistances:
61950 *
61500 **
61040
59995 last
59390 **
58630 *
58180 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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