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Bitcoin/Dollar Levels: The upside prevails as long as 6099 is support

Bitcoin/Dollar Levels: The upside prevails as long as 6099 is support
Swissquote Bank Research TeamSwissquote Bank Research TeamSwissquote Bank Ltd

Bitcoin/Dollar

The upside prevails as long as 6099 is support

Bitcoin

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6099 is our pivot (invalidation) point.

Our preference
The upside prevails as Long as 6099 is support.

Alternative scenario
Below 6099, expect 5919 and 5812.

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 pair is above its 20 and 50 MAs (respectively at 6196 and 6208).

Author

Swissquote Bank Research Team

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