Bitcoin Intraday: rebound towards 70070
May 31, 2024 8:50 PM
rebound towards 70070.
Our pivot point stands at 66440.
Our preference: rebound towards 70070.
Alternative scenario: the downside breakout of 66440 would call for 65170 and 64420.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67756 and 68132).
Supports and resistances:
71590 **
70830 *
70070 **
69320
67754 last
66940
66440 **
65170 *
64420 **
Our preference: rebound towards 70070.
Alternative scenario: the downside breakout of 66440 would call for 65170 and 64420.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67756 and 68132).
Supports and resistances:
71590 **
70830 *
70070 **
69320
67754 last
66940
66440 **
65170 *
64420 **
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