Bitcoin Intraday: the upside prevails as long as 65860 is support
May 20, 2024 1:50 PM
the upside prevails as long as 65860 is support.
65860 is our pivot point.
Our preference: the upside prevails as long as 65860 is support.
Alternative scenario: below 65860, expect 64420 and 63560.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 66946 and 66704).
Supports and resistances:
71400 **
70540 *
69680 **
68820
67100 last
66430
65860 **
64420 *
63560 **
Our preference: the upside prevails as long as 65860 is support.
Alternative scenario: below 65860, expect 64420 and 63560.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 66946 and 66704).
Supports and resistances:
71400 **
70540 *
69680 **
68820
67100 last
66430
65860 **
64420 *
63560 **
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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