Bitcoin Intraday: rebound towards 58200
Sep 6, 2024 12:05 AM
rebound towards 58200.
55260 is our pivot point.
Our preference:
rebound towards 58200.
Alternative scenario:
the downside breakout of 55260 would call for 54120 and 53450.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 56216 and 56802).
Supports and resistances:
59550 **
58880 *
58200 **
57520
56165 last
55710
55260 **
54120 *
53450 **
Our preference:
rebound towards 58200.
Alternative scenario:
the downside breakout of 55260 would call for 54120 and 53450.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 56216 and 56802).
Supports and resistances:
59550 **
58880 *
58200 **
57520
56165 last
55710
55260 **
54120 *
53450 **
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