Bitcoin Intraday: rebound
Oct 11, 2024 12:05 AM
rebound.
Our pivot point is at 59540.
Our preference:
rebound.
Alternative scenario:
below 59540, expect 58630 and 58090.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (59999) but under its 50 period moving average (60511).
Supports and resistances:
62990 **
62440 *
61900 **
61360
60255 last
59900
59540 **
58630 *
58090 **
Our preference:
rebound.
Alternative scenario:
below 59540, expect 58630 and 58090.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (59999) but under its 50 period moving average (60511).
Supports and resistances:
62990 **
62440 *
61900 **
61360
60255 last
59900
59540 **
58630 *
58090 **
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