Bitcoin Intraday: rebound towards 59870
Sep 2, 2024 6:47 AM
rebound towards 59870.
Our pivot point stands at 56810.
Our preference:
rebound towards 59870.
Alternative scenario:
below 56810, expect 55640 and 54940.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (57618) but below its 50 period moving average (57953).
Supports and resistances:
61270 **
60570 *
59870 **
59180
57770 last
57270
56810 **
55640 *
54940 **
Our preference:
rebound towards 59870.
Alternative scenario:
below 56810, expect 55640 and 54940.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (57618) but below its 50 period moving average (57953).
Supports and resistances:
61270 **
60570 *
59870 **
59180
57770 last
57270
56810 **
55640 *
54940 **
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Bitcoin
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