Bitcoin Intraday: rebound towards 61230
Aug 29, 2024 12:05 AM
rebound towards 61230.
Our pivot point stands at 58090.
Our preference:
rebound towards 61230.
Alternative scenario:
below 58090, expect 56890 and 56180.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (59059) but below its 50 period moving average (59308).
Supports and resistances:
62660 **
61940 *
61230 **
60520
59093 last
58560
58090 **
56890 *
56180 **
Our preference:
rebound towards 61230.
Alternative scenario:
below 58090, expect 56890 and 56180.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (59059) but below its 50 period moving average (59308).
Supports and resistances:
62660 **
61940 *
61230 **
60520
59093 last
58560
58090 **
56890 *
56180 **
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