Bitcoin Intraday: as long as 69940 is support look for 73320
Jun 5, 2024 7:20 AM
as long as 69940 is support look for 73320.
69940 is our pivot point.
Our preference: as long as 69940 is support look for 73320.
Alternative scenario: the downside breakout of 69940 would call for 68690 and 67940.
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 trading above both its 20 and 50 period moving average (respectively at 70828 and 70117).
Supports and resistances:
74810 **
74070 *
73320 **
72580
71054 last
70430
69940 **
68690 *
67940 **
Our preference: as long as 69940 is support look for 73320.
Alternative scenario: the downside breakout of 69940 would call for 68690 and 67940.
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 trading above both its 20 and 50 period moving average (respectively at 70828 and 70117).
Supports and resistances:
74810 **
74070 *
73320 **
72580
71054 last
70430
69940 **
68690 *
67940 **
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