Bitcoin Intraday: rebound towards 61300
Aug 29, 2024 4:05 AM
rebound towards 61300.
Our pivot point is at 58180.
Our preference:
rebound towards 61300.
Alternative scenario:
below 58180, expect 56980 and 56270.
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 is trading under both its 20 and 50 period moving average (respectively at 59152 and 59282).
Supports and resistances:
62730 **
62020 *
61300 **
60590
59125 last
58650
58180 **
56980 *
56270 **
Our preference:
rebound towards 61300.
Alternative scenario:
below 58180, expect 56980 and 56270.
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 is trading under both its 20 and 50 period moving average (respectively at 59152 and 59282).
Supports and resistances:
62730 **
62020 *
61300 **
60590
59125 last
58650
58180 **
56980 *
56270 **
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