Bitcoin Intraday: the upside prevails as long as 103620 is support
Bitcoin (BTC/USD)
-4669.69-4.47%
the upside prevails as long as 103620 is support.
Our pivot point is at 103620.
Our preference: the upside prevails as long as 103620 is support.
Alternative scenario: the downside breakout of 103620 would call for 101960 and 100980.
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 104891 and 104740).
Supports and resistances:
109940 **
108960 *
107970 **
106990
104963 last
104260
103620 **
101960 *
100980 **
Our preference: the upside prevails as long as 103620 is support.
Alternative scenario: the downside breakout of 103620 would call for 101960 and 100980.
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 104891 and 104740).
Supports and resistances:
109940 **
108960 *
107970 **
106990
104963 last
104260
103620 **
101960 *
100980 **
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