Bitcoin Intraday: technical rebound towards 72120 before a new drop
Jun 6, 2024 2:21 PM
technical rebound towards 72120 before a new drop.
Our pivot point stands at 72120.
Our preference: technical rebound towards 72120 before a new drop.
Alternative scenario: the upside breakout of 72120, would call for 73370 and 74110.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (71010) but below its 50 period moving average (71109).
Supports and resistances:
74110 **
73370 *
72120 **
71620
71100 last
69600
68850 **
68110 *
67360 **
Our preference: technical rebound towards 72120 before a new drop.
Alternative scenario: the upside breakout of 72120, would call for 73370 and 74110.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (71010) but below its 50 period moving average (71109).
Supports and resistances:
74110 **
73370 *
72120 **
71620
71100 last
69600
68850 **
68110 *
67360 **
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