Bitcoin Intraday: the upside prevails as long as 68620 is support
May 27, 2024 8:08 PM
the upside prevails as long as 68620 is support.
Our pivot point is at 68620.
Our preference: the upside prevails as long as 68620 is support.
Alternative scenario: the downside breakout of 68620 would call for 67270 and 66470.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69357 and 68946).
Supports and resistances:
73910 **
73100 *
72300 **
71490
69678 last
69150
68620 **
67270 *
66470 **
Our preference: the upside prevails as long as 68620 is support.
Alternative scenario: the downside breakout of 68620 would call for 67270 and 66470.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69357 and 68946).
Supports and resistances:
73910 **
73100 *
72300 **
71490
69678 last
69150
68620 **
67270 *
66470 **
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