Bitcoin Intraday: rebound
Oct 10, 2024 6:47 AM
rebound.
Our pivot point stands at 60250.
Our preference:
rebound.
Alternative scenario:
below 60250, expect 59330 and 58790.
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 its 20 period moving average (60745) but under its 50 period moving average (61395).
Supports and resistances:
63770 **
63220 *
62670 **
62120
61023 last
60610
60250 **
59330 *
58790 **
Our preference:
rebound.
Alternative scenario:
below 60250, expect 59330 and 58790.
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 its 20 period moving average (60745) but under its 50 period moving average (61395).
Supports and resistances:
63770 **
63220 *
62670 **
62120
61023 last
60610
60250 **
59330 *
58790 **
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