Bitcoin Intraday: target 56160
Jul 12, 2024 8:41 PM
target 56160.

Our pivot point is at 58610.
Our preference: target 56160.
Alternative scenario: the upside breakout of 58610, would call for 59480 and 60000.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (57797) but above its 50 period moving average (57439).
Supports and resistances:
60000 **
59480 *
58610 **
58260
57724 last
56680
56160 **
55640 *
55130 **
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