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Bitcoin / Dollar intraday: the upside prevails as long as 42060 is support
2024-01-01
334
42060 is our pivot point.
Our preference: the upside prevails as long as 42060 is support.
Alternative scenario: the downside breakout of 42060 would call for 41440 and 41060.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 42508 and 42461).
Supports and resistances:
44450 **
44070 *
43700 **
43320
42557 last
42310
42060 **
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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