Bitcoin Intraday: as long as 64830 is support look for 68760
May 16, 2024 1:55 PM
as long as 64830 is support look for 68760.
Our pivot point stands at 64830.
Our preference: as long as 64830 is support look for 68760.
Alternative scenario: the downside breakout of 64830 would call for 63410 and 62560.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66108 and 65780).
Supports and resistances:
70460 **
69610 *
68760 **
67910
66113 last
65380
64830 **
63410 *
62560 **
Our preference: as long as 64830 is support look for 68760.
Alternative scenario: the downside breakout of 64830 would call for 63410 and 62560.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66108 and 65780).
Supports and resistances:
70460 **
69610 *
68760 **
67910
66113 last
65380
64830 **
63410 *
62560 **
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