Bitcoin Intraday: technical rebound towards 65580 before a new drop
Jul 18, 2024 5:11 AM
technical rebound towards 65580 before a new drop.
Our pivot point stands at 65580.
Our preference: technical rebound towards 65580 before a new drop.
Alternative scenario: above 65580, look for 66540 and 67110.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (64503) but below its 50 period moving average (64865).
Supports and resistances:
67110 **
66540 *
65580 **
65210
64781 last
63630
63060 **
62490 *
61930 **
Our preference: technical rebound towards 65580 before a new drop.
Alternative scenario: above 65580, look for 66540 and 67110.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (64503) but below its 50 period moving average (64865).
Supports and resistances:
67110 **
66540 *
65580 **
65210
64781 last
63630
63060 **
62490 *
61930 **
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