Bitcoin Intraday: rebound towards 70050
May 24, 2024 4:53 AM
rebound towards 70050.
Our pivot point is at 66650.
Our preference: rebound towards 70050.
Alternative scenario: the downside breakout of 66650 would call for 65340 and 64560.
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 (67678) but under its 50 period moving average (68427).
Supports and resistances:
71610 **
70830 *
70050 **
69270
67679 last
67160
66650 **
65340 *
64560 **
Our preference: rebound towards 70050.
Alternative scenario: the downside breakout of 66650 would call for 65340 and 64560.
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 (67678) but under its 50 period moving average (68427).
Supports and resistances:
71610 **
70830 *
70050 **
69270
67679 last
67160
66650 **
65340 *
64560 **
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
71196.4
1595.2200000000012
+229.20%
