Bitcoin Intraday: rebound towards 61150
Aug 29, 2024 2:05 AM
rebound towards 61150.
Our pivot point stands at 58070.
Our preference:
rebound towards 61150.
Alternative scenario:
below 58070, expect 56870 and 56160.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59102 and 59298).
Supports and resistances:
62570 **
61860 *
61150 **
60440
59006 last
58540
58070 **
56870 *
56160 **
Our preference:
rebound towards 61150.
Alternative scenario:
below 58070, expect 56870 and 56160.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59102 and 59298).
Supports and resistances:
62570 **
61860 *
61150 **
60440
59006 last
58540
58070 **
56870 *
56160 **
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