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Bitcoin / Dollar intraday: the upside prevails as long as 71830 is support
2024-03-13
954
Our pivot point is at 71830.
Our preference: the upside prevails as long as 71830 is support.
Alternative scenario: the downside breakout of 71830 would call for 70560 and 69810.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 71971 and 71698).
Supports and resistances:
76760 **
76010 *
75260 **
74500
72998 last
72320
71830 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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