Bitcoin Intraday: as long as 64830 is support look for 68520
May 16, 2024 7:00 AM
as long as 64830 is support look for 68520.
Our pivot point is at 64830.
Our preference: as long as 64830 is support look for 68520.
Alternative scenario: below 64830, expect 63410 and 62570.
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 below its 20 period moving average (66015) but above its 50 period moving average (64716).
Supports and resistances:
70210 **
69370 *
68520 **
67680
65969 last
65390
64830 **
63410 *
62570 **
Our preference: as long as 64830 is support look for 68520.
Alternative scenario: below 64830, expect 63410 and 62570.
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 below its 20 period moving average (66015) but above its 50 period moving average (64716).
Supports and resistances:
70210 **
69370 *
68520 **
67680
65969 last
65390
64830 **
63410 *
62570 **
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