Bitcoin Intraday: the upside prevails as long as 83530 is support
Bitcoin (BTC/USD)
-628.39-0.74%
the upside prevails as long as 83530 is support.
Our pivot point is at 83530.
Our preference: the upside prevails as long as 83530 is support.
Alternative scenario: the downside breakout of 83530 would call for 81860 and 80870.
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 above its 20 and 50 period moving average (respectively at 84426 and 83826).
Supports and resistances:
90080 **
89080 *
88090 **
87090
84866 last
84180
83530 **
81860 *
80870 **
Our preference: the upside prevails as long as 83530 is support.
Alternative scenario: the downside breakout of 83530 would call for 81860 and 80870.
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 above its 20 and 50 period moving average (respectively at 84426 and 83826).
Supports and resistances:
90080 **
89080 *
88090 **
87090
84866 last
84180
83530 **
81860 *
80870 **
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