Bitcoin Intraday: rebound towards 59860
Aug 16, 2024 4:04 AM
rebound towards 59860.
Our pivot point is at 56920.
Our preference: rebound towards 59860.
Alternative scenario: the downside breakout of 56920 would call for 55800 and 55130.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (57517) but below its 50 period moving average (58243).
Supports and resistances:
61210 **
60540 *
59860 **
59190
57853 last
57370
56920 **
55800 *
55130 **
Our preference: rebound towards 59860.
Alternative scenario: the downside breakout of 56920 would call for 55800 and 55130.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (57517) but below its 50 period moving average (58243).
Supports and resistances:
61210 **
60540 *
59860 **
59190
57853 last
57370
56920 **
55800 *
55130 **
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Bitcoin
69097.17
-1708
-241.20%
