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Bitcoin Intraday: as long as 64800 is support look for 68450

May 16, 2024 4:59 AM
as long as 64800 is support look for 68450.
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Our pivot point stands at 64800.

Our preference: as long as 64800 is support look for 68450.

Alternative scenario: the downside breakout of 64800 would call for 63380 and 62540.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (66047) but above its 50 period moving average (64397).

Supports and resistances:
70140 **
69300 *
68450 **
67610
65918 last
65360
64800 **
63380 *
62540 **

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