Bitcoin Intraday: rebound towards 54020
Aug 5, 2024 10:37 AM
rebound towards 54020.
Our pivot point stands at 50910.
Our preference: rebound towards 54020.
Alternative scenario: the downside breakout of 50910 would call for 50150 and 49700.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 53254 and 56939).
Supports and resistances:
54950 **
54480 *
54020 **
53560
51569 last
51210
50910 **
50150 *
49700 **
Our preference: rebound towards 54020.
Alternative scenario: the downside breakout of 50910 would call for 50150 and 49700.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 53254 and 56939).
Supports and resistances:
54950 **
54480 *
54020 **
53560
51569 last
51210
50910 **
50150 *
49700 **
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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Bitcoin
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