Bitcoin Intraday: above its upper Bollinger band
Jun 13, 2024 2:42 PM
rebound.
Our pivot point is at 67080.
Our preference: rebound.
Alternative scenario: below 67080, expect 65940 and 65260.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (67656) but below its 50 period moving average (68256). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (68111).
Supports and resistances:
71620 **
70940 *
70260 **
69570
68209 last
67530
67080 **
65940 *
65260 **
Our preference: rebound.
Alternative scenario: below 67080, expect 65940 and 65260.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (67656) but below its 50 period moving average (68256). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (68111).
Supports and resistances:
71620 **
70940 *
70260 **
69570
68209 last
67530
67080 **
65940 *
65260 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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