Bitcoin Intraday: rebound towards 71870
May 23, 2024 4:53 AM
rebound towards 71870.
Our pivot point is at 68380.
Our preference: rebound towards 71870.
Alternative scenario: below 68380, expect 67040 and 66240.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (69392) but under its 50 period moving average (69700).
Supports and resistances:
73470 **
72670 *
71870 **
71070
69439 last
68910
68380 **
67040 *
66240 **
Our preference: rebound towards 71870.
Alternative scenario: below 68380, expect 67040 and 66240.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (69392) but under its 50 period moving average (69700).
Supports and resistances:
73470 **
72670 *
71870 **
71070
69439 last
68910
68380 **
67040 *
66240 **
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