Bitcoin Intraday: our next up target stands at 71640
Jun 8, 2024 8:54 PM
our next up target stands at 71640.
Our pivot point stands at 68470.
Our preference: our next up target stands at 71640.
Alternative scenario: below 68470, expect 67250 and 66520.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69385 and 69361).
Supports and resistances:
73100 **
72370 *
71640 **
70910
69449 last
68960
68470 **
67250 *
66520 **
Our preference: our next up target stands at 71640.
Alternative scenario: below 68470, expect 67250 and 66520.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69385 and 69361).
Supports and resistances:
73100 **
72370 *
71640 **
70910
69449 last
68960
68470 **
67250 *
66520 **
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