Bitcoin / Dollar intraday: as long as 71050 is support look for 74020

Limited Increase
u
1675394687367
BTCUSD+0%
2024-10-29 21:50Source:TC

Our pivot point stands at 71050.

Our preference: as long as 71050 is support look for 74020.

Alternative scenario: the downside breakout of 71050 would call for 70040 and 69440.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 72097 and 71170).

Supports and resistances:

75230 **

74620 *

74020 **

73410

72200 last

71450

71050 **

70040 *

69440 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 10-29-2024 at 21:50 UTC+1

Price reference: 72200 last known on 10-29-2024 at 21:50 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

Reference points and analysis views from trading strategies are provided by external providers, and strategy views are only the analyst's personal evaluation and assessment, not considering the investor's investment goals and financial conditions. All strategy views are not investment advice or recommendations, only for reference. Our company also does not guarantee the accuracy of strategy views and is not responsible for any negative results that may arise from trading strategies.

More