Bitcoin Intraday: the upside prevails as long as 65800 is support
May 20, 2024 8:57 AM
the upside prevails as long as 65800 is support.
65800 is our pivot point.
Our preference: the upside prevails as long as 65800 is support.
Alternative scenario: the downside breakout of 65800 would call for 64360 and 63500.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66669 and 66730).
Supports and resistances:
71220 **
70370 *
69510 **
68650
66934 last
66360
65800 **
64360 *
63500 **
Our preference: the upside prevails as long as 65800 is support.
Alternative scenario: the downside breakout of 65800 would call for 64360 and 63500.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66669 and 66730).
Supports and resistances:
71220 **
70370 *
69510 **
68650
66934 last
66360
65800 **
64360 *
63500 **
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