Bitcoin Intraday: target 58710
Aug 9, 2024 1:54 PM
target 58710.

Our pivot point stands at 61300.
Our preference: target 58710.
Alternative scenario: the upside breakout of 61300, would call for 62200 and 62730.
Comment: the RSI is below its neutrality area at 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 below its 20 period moving average (60863) but above its 50 period moving average (60294).
Supports and resistances:
62730 **
62200 *
61300 **
60950
60587 last
59240
58710 **
58190 *
57660 **
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