Bitcoin Intraday: rebound towards 58660
Jul 12, 2024 8:29 AM
rebound towards 58660.
56440 is our pivot point.
Our preference: rebound towards 58660.
Alternative scenario: below 56440, expect 55580 and 55060.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 57145 and 57659).
Supports and resistances:
59690 **
59170 *
58660 **
58150
57120 last
56780
56440 **
55580 *
55060 **
Our preference: rebound towards 58660.
Alternative scenario: below 56440, expect 55580 and 55060.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 57145 and 57659).
Supports and resistances:
59690 **
59170 *
58660 **
58150
57120 last
56780
56440 **
55580 *
55060 **
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