Bitcoin Intraday: as long as 59750 is support look for 62890
Aug 20, 2024 3:54 PM
as long as 59750 is support look for 62890.

Our pivot point stands at 59750.
Our preference: as long as 59750 is support look for 62890.
Alternative scenario: the downside breakout of 59750 would call for 58530 and 57810.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (60842) but above its 50 period moving average (59890).
Supports and resistances:
64340 **
63610 *
62890 **
62160
60710 last
60230
59750 **
58530 *
57810 **
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