Bitcoin Intraday: target 61610
Sep 25, 2024 6:46 AM
target 61610.
Our pivot point is at 64980.
Our preference:
target 61610.
Alternative scenario:
the upside breakout of 64980, would call for 66240 and 66990.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (64269) but above its 50 period moving average (63839).
Supports and resistances:
66990 **
66240 *
64980 **
64480
63982 last
62370
61610 **
60860 *
60110 **
Our preference:
target 61610.
Alternative scenario:
the upside breakout of 64980, would call for 66240 and 66990.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (64269) but above its 50 period moving average (63839).
Supports and resistances:
66990 **
66240 *
64980 **
64480
63982 last
62370
61610 **
60860 *
60110 **
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