Bitcoin Intraday: rebound towards 56810
Jul 5, 2024 12:45 PM
rebound towards 56810.
Our pivot point is at 54340.
Our preference: rebound towards 56810.
Alternative scenario: the downside breakout of 54340 would call for 53560 and 53090.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (54870) but below its 50 period moving average (56622).
Supports and resistances:
57750 **
57280 *
56810 **
56340
55239 last
54650
54340 **
53560 *
53090 **
Our preference: rebound towards 56810.
Alternative scenario: the downside breakout of 54340 would call for 53560 and 53090.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (54870) but below its 50 period moving average (56622).
Supports and resistances:
57750 **
57280 *
56810 **
56340
55239 last
54650
54340 **
53560 *
53090 **
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Bitcoin
69121.5
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