Bitcoin Intraday: our next up target stands at 68160
Jul 31, 2024 7:40 AM
our next up target stands at 68160.
Our pivot point stands at 65580.
Our preference: our next up target stands at 68160.
Alternative scenario: below 65580, expect 64600 and 64020.
Comment: the RSI is above its neutrality area at 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 both its 20 and 50 period moving average (respectively at 66150 and 66265).
Supports and resistances:
69330 **
68750 *
68160 **
67580
66417 last
65960
65580 **
64600 *
64020 **
Our preference: our next up target stands at 68160.
Alternative scenario: below 65580, expect 64600 and 64020.
Comment: the RSI is above its neutrality area at 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 both its 20 and 50 period moving average (respectively at 66150 and 66265).
Supports and resistances:
69330 **
68750 *
68160 **
67580
66417 last
65960
65580 **
64600 *
64020 **
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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