Bitcoin Intraday: rebound towards 71910
May 23, 2024 7:20 AM
rebound towards 71910.
Our pivot point stands at 68320.
Our preference: rebound towards 71910.
Alternative scenario: the downside breakout of 68320 would call for 66970 and 66170.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (69370) but below its 50 period moving average (69673).
Supports and resistances:
73510 **
72710 *
71910 **
71110
69476 last
68840
68320 **
66970 *
66170 **
Our preference: rebound towards 71910.
Alternative scenario: the downside breakout of 68320 would call for 66970 and 66170.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (69370) but below its 50 period moving average (69673).
Supports and resistances:
73510 **
72710 *
71910 **
71110
69476 last
68840
68320 **
66970 *
66170 **
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