Bitcoin Intraday: as long as 62990 is support look for 66570
Aug 24, 2024 6:49 AM
as long as 62990 is support look for 66570.
62990 is our pivot point.
Our preference:
as long as 62990 is support look for 66570.
Alternative scenario:
the downside breakout of 62990 would call for 61710 and 60940.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64054 and 62662).
Supports and resistances:
68110 **
67340 *
66570 **
65810
64191 last
63500
62990 **
61710 *
60940 **
Our preference:
as long as 62990 is support look for 66570.
Alternative scenario:
the downside breakout of 62990 would call for 61710 and 60940.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64054 and 62662).
Supports and resistances:
68110 **
67340 *
66570 **
65810
64191 last
63500
62990 **
61710 *
60940 **
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