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Bitcoin Intraday: our next up target stands at 66420
Jul 16, 2026 5:49 AM
our next up target stands at 66420.
Our pivot point stands at 64170.
Our preference:
our next up target stands at 66420.
Alternative scenario:
the downside breakout of 64170 would call for 63340 and 62850.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64714 and 64814).
Supports and resistances:
66910 *
66420 **
65920
64850 last
64170 **
63340 *
62850 **
Our preference:
our next up target stands at 66420.
Alternative scenario:
the downside breakout of 64170 would call for 63340 and 62850.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64714 and 64814).
Supports and resistances:
66910 *
66420 **
65920
64850 last
64170 **
63340 *
62850 **
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