Bitcoin Intraday: our next up target stands at 67980
Jul 24, 2024 9:00 AM
our next up target stands at 67980.
Our pivot point is at 65430.
Our preference: our next up target stands at 67980.
Alternative scenario: the downside breakout of 65430 would call for 64450 and 63870.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 65905 and 66161).
Supports and resistances:
69140 **
68560 *
67980 **
67400
66236 last
65810
65430 **
64450 *
63870 **
Our preference: our next up target stands at 67980.
Alternative scenario: the downside breakout of 65430 would call for 64450 and 63870.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 65905 and 66161).
Supports and resistances:
69140 **
68560 *
67980 **
67400
66236 last
65810
65430 **
64450 *
63870 **
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