Bitcoin Intraday: rebound towards 71870
May 23, 2024 4:53 AM
rebound towards 71870.
Our pivot point is at 68380.
Our preference: rebound towards 71870.
Alternative scenario: below 68380, expect 67040 and 66240.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (69392) but under its 50 period moving average (69700).
Supports and resistances:
73470 **
72670 *
71870 **
71070
69439 last
68910
68380 **
67040 *
66240 **
Our preference: rebound towards 71870.
Alternative scenario: below 68380, expect 67040 and 66240.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (69392) but under its 50 period moving average (69700).
Supports and resistances:
73470 **
72670 *
71870 **
71070
69439 last
68910
68380 **
67040 *
66240 **
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.
Related Instruments
Bitcoin
86688.02
-1840.949999999997
-207.90%
