Bitcoin Intraday: rebound
Oct 6, 2024 6:47 AM
rebound.
Our pivot point stands at 61060.
Our preference:
rebound.
Alternative scenario:
below 61060, expect 59850 and 59140.
Comment:
the RSI is above its neutrality area at 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 its 20 period moving average (61961) but under its 50 period moving average (62038).
Supports and resistances:
65590 **
64870 *
64160 **
63440
62000 last
61530
61060 **
59850 *
59140 **
Our preference:
rebound.
Alternative scenario:
below 61060, expect 59850 and 59140.
Comment:
the RSI is above its neutrality area at 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 its 20 period moving average (61961) but under its 50 period moving average (62038).
Supports and resistances:
65590 **
64870 *
64160 **
63440
62000 last
61530
61060 **
59850 *
59140 **
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