Bitcoin Intraday: rebound towards 70300
May 24, 2024 12:29 AM
rebound towards 70300.
66840 is our pivot point.
Our preference: rebound towards 70300.
Alternative scenario: below 66840, expect 65520 and 64740.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (67668) but under its 50 period moving average (68723).
Supports and resistances:
71860 **
71080 *
70300 **
69510
67877 last
67350
66840 **
65520 *
64740 **
Our preference: rebound towards 70300.
Alternative scenario: below 66840, expect 65520 and 64740.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (67668) but under its 50 period moving average (68723).
Supports and resistances:
71860 **
71080 *
70300 **
69510
67877 last
67350
66840 **
65520 *
64740 **
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