Bitcoin Intraday: rebound towards 59600
Aug 16, 2024 2:05 AM
rebound towards 59600.
Our pivot point is at 56660.
Our preference: rebound towards 59600.
Alternative scenario: below 56660, expect 55540 and 54870.
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 57687 and 58266).
Supports and resistances:
60940 **
60270 *
59600 **
58930
57540 last
57100
56660 **
55540 *
54870 **
Our preference: rebound towards 59600.
Alternative scenario: below 56660, expect 55540 and 54870.
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 57687 and 58266).
Supports and resistances:
60940 **
60270 *
59600 **
58930
57540 last
57100
56660 **
55540 *
54870 **
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