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Bitcoin / Dollar intraday: the upside prevails as long as 56860 is support
2024-07-12
805
Our pivot point stands at 56860.
Our preference: the upside prevails as long as 56860 is support.
Alternative scenario: the downside breakout of 56860 would call for 55990 and 55480.
Comment: the RSI is above 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 57186 and 57385).
Supports and resistances:
60250 **
59730 *
59220 **
58700
57600 last
57200
56860 **
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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