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Bitcoin Intraday: target 66710
Jun 3, 2024 8:32 PM
target 66710.
70160 is our pivot point.
Our preference: target 66710.
Alternative scenario: the upside breakout of 70160, would call for 71460 and 72230.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (69280) but above its 50 period moving average (68697).
Supports and resistances:
72230 **
71460 *
70160 **
69650
69091 last
67480
66710 **
65940 *
65170 **
Our preference: target 66710.
Alternative scenario: the upside breakout of 70160, would call for 71460 and 72230.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (69280) but above its 50 period moving average (68697).
Supports and resistances:
72230 **
71460 *
70160 **
69650
69091 last
67480
66710 **
65940 *
65170 **
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