Bitcoin Intraday: rebound towards 61420
Aug 30, 2024 6:47 AM
rebound towards 61420.
Our pivot point stands at 57990.
Our preference:
rebound towards 61420.
Alternative scenario:
below 57990, expect 56800 and 56090.
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 (59165) but below its 50 period moving average (59652).
Supports and resistances:
62850 **
62130 *
61420 **
60700
59271 last
58460
57990 **
56800 *
56090 **
Our preference:
rebound towards 61420.
Alternative scenario:
below 57990, expect 56800 and 56090.
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 (59165) but below its 50 period moving average (59652).
Supports and resistances:
62850 **
62130 *
61420 **
60700
59271 last
58460
57990 **
56800 *
56090 **
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