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Bitcoin Intraday: above its upper Bollinger band
Jun 13, 2024 2:42 PM
rebound.
Our pivot point is at 67080.
Our preference: rebound.
Alternative scenario: below 67080, expect 65940 and 65260.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (67656) but below its 50 period moving average (68256). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (68111).
Supports and resistances:
71620 **
70940 *
70260 **
69570
68209 last
67530
67080 **
65940 *
65260 **
Our preference: rebound.
Alternative scenario: below 67080, expect 65940 and 65260.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (67656) but below its 50 period moving average (68256). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (68111).
Supports and resistances:
71620 **
70940 *
70260 **
69570
68209 last
67530
67080 **
65940 *
65260 **
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