Bitcoin Intraday: as long as 70120 is support look for 73830
May 21, 2024 7:11 AM
as long as 70120 is support look for 73830.
Our pivot point is at 70120.
Our preference: as long as 70120 is support look for 73830.
Alternative scenario: the downside breakout of 70120 would call for 68740 and 67920.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70841 and 68891).
Supports and resistances:
75480 **
74660 *
73830 **
73010
71201 last
70660
70120 **
68740 *
67920 **
Our preference: as long as 70120 is support look for 73830.
Alternative scenario: the downside breakout of 70120 would call for 68740 and 67920.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70841 and 68891).
Supports and resistances:
75480 **
74660 *
73830 **
73010
71201 last
70660
70120 **
68740 *
67920 **
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