Bitcoin Intraday: as long as 67400 is support look for 70880
May 31, 2024 2:53 AM
as long as 67400 is support look for 70880.
67400 is our pivot point.
Our preference: as long as 67400 is support look for 70880.
Alternative scenario: below 67400, expect 66110 and 65350.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (68626) but above its 50 period moving average (68244).
Supports and resistances:
72410 **
71650 *
70880 **
70110
68581 last
67900
67400 **
66110 *
65350 **
Our preference: as long as 67400 is support look for 70880.
Alternative scenario: below 67400, expect 66110 and 65350.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (68626) but above its 50 period moving average (68244).
Supports and resistances:
72410 **
71650 *
70880 **
70110
68581 last
67900
67400 **
66110 *
65350 **
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