Bitcoin Intraday: rebound towards 73070
Jun 7, 2024 3:47 AM
rebound towards 73070.
Our pivot point is at 69770.
Our preference: rebound towards 73070.
Alternative scenario: the downside breakout of 69770 would call for 68520 and 67780.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 70809 and 70975).
Supports and resistances:
74550 **
73810 *
73070 **
72330
70757 last
70260
69770 **
68520 *
67780 **
Our preference: rebound towards 73070.
Alternative scenario: the downside breakout of 69770 would call for 68520 and 67780.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 70809 and 70975).
Supports and resistances:
74550 **
73810 *
73070 **
72330
70757 last
70260
69770 **
68520 *
67780 **
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