Our pivot point is at 34220.
Our preference: the upside prevails as long as 34220 is support.
Alternative scenario: the downside breakout of 34220 would call for 33740 and 33450.
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 34363 and 34423). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (34619).
Supports and resistances:
36070 **
35780 *
35490 **
35210
34630 last
34410
34220 **
33740 *
33450 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-30-2023 at 11:08 UTC+1
Price reference: 34630 last known on 10-30-2023 at 11:08 UTC+1
Investment horizon: INTRADAY
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