Bitcoin Intraday: as long as 69570 is support look for 72840
Jun 5, 2024 1:11 AM
as long as 69570 is support look for 72840.
Our pivot point is at 69570.
Our preference: as long as 69570 is support look for 72840.
Alternative scenario: the downside breakout of 69570 would call for 68320 and 67580.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70505 and 69618).
Supports and resistances:
74320 **
73580 *
72840 **
72100
70562 last
70050
69570 **
68320 *
67580 **
Our preference: as long as 69570 is support look for 72840.
Alternative scenario: the downside breakout of 69570 would call for 68320 and 67580.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70505 and 69618).
Supports and resistances:
74320 **
73580 *
72840 **
72100
70562 last
70050
69570 **
68320 *
67580 **
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