Bitcoin Intraday: rebound

May 20, 2024 5:11 AM

rebound.

65520 is our pivot point.

Our preference: rebound.

Alternative scenario: below 65520, expect 64090 and 63240.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (66392) but under its 50 period moving average (66760).

Supports and resistances:
70970 **
70110 *
69260 **
68400
66693 last
66090
65520 **
64090 *
63240 **

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