Bitcoin Intraday: rebound towards 72320
May 22, 2024 9:20 AM
rebound towards 72320.
Our pivot point stands at 68840.
Our preference: rebound towards 72320.
Alternative scenario: the downside breakout of 68840 would call for 67480 and 66680.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 69956 and 70164).
Supports and resistances:
73930 **
73120 *
72320 **
71510
69900 last
69370
68840 **
67480 *
66680 **
Our preference: rebound towards 72320.
Alternative scenario: the downside breakout of 68840 would call for 67480 and 66680.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 69956 and 70164).
Supports and resistances:
73930 **
73120 *
72320 **
71510
69900 last
69370
68840 **
67480 *
66680 **
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