Bitcoin Intraday: rebound towards 70090
May 24, 2024 2:35 AM
rebound towards 70090.
Our pivot point is at 66710.
Our preference: rebound towards 70090.
Alternative scenario: below 66710, expect 65400 and 64620.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (67616) but under its 50 period moving average (68590).
Supports and resistances:
71650 **
70870 *
70090 **
69310
67744 last
67230
66710 **
65400 *
64620 **
Our preference: rebound towards 70090.
Alternative scenario: below 66710, expect 65400 and 64620.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (67616) but under its 50 period moving average (68590).
Supports and resistances:
71650 **
70870 *
70090 **
69310
67744 last
67230
66710 **
65400 *
64620 **
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