Bitcoin Intraday: the upside prevails as long as 68270 is support
Jun 4, 2024 5:08 AM
the upside prevails as long as 68270 is support.
Our pivot point is at 68270.
Our preference: the upside prevails as long as 68270 is support.
Alternative scenario: below 68270, expect 67050 and 66320.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69084 and 69102).
Supports and resistances:
72850 **
72130 *
71400 **
70670
69224 last
68740
68270 **
67050 *
66320 **
Our preference: the upside prevails as long as 68270 is support.
Alternative scenario: below 68270, expect 67050 and 66320.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69084 and 69102).
Supports and resistances:
72850 **
72130 *
71400 **
70670
69224 last
68740
68270 **
67050 *
66320 **
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