Bitcoin Intraday: rebound towards 69450
Oct 21, 2024 7:50 PM
rebound towards 69450.
Our pivot point is at 66690.
Our preference:
rebound towards 69450.
Alternative scenario:
the downside breakout of 66690 would call for 65670 and 65060.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67615 and 68342).
Supports and resistances:
70670 **
70060 *
69450 **
68830
67597 last
67100
66690 **
65670 *
65060 **
Our preference:
rebound towards 69450.
Alternative scenario:
the downside breakout of 66690 would call for 65670 and 65060.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67615 and 68342).
Supports and resistances:
70670 **
70060 *
69450 **
68830
67597 last
67100
66690 **
65670 *
65060 **
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