Bitcoin Intraday: the upside prevails as long as 98370 is support
Bitcoin (BTC/USD)
+1614.26+1.67%
the upside prevails as long as 98370 is support.
Our pivot point stands at 98370.
Our preference: the upside prevails as long as 98370 is support.
Alternative scenario: the downside breakout of 98370 would call for 96840 and 95930.
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 98661 and 97622).
Supports and resistances:
104830 **
103910 *
102990 **
102070
99575 last
98970
98370 **
96840 *
95930 **
Our preference: the upside prevails as long as 98370 is support.
Alternative scenario: the downside breakout of 98370 would call for 96840 and 95930.
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 98661 and 97622).
Supports and resistances:
104830 **
103910 *
102990 **
102070
99575 last
98970
98370 **
96840 *
95930 **
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