Bitcoin Intraday: as long as 68070 is support look for 71550

May 25, 2024 8:15 PM

as long as 68070 is support look for 71550.

Our pivot point stands at 68070.

Our preference: as long as 68070 is support look for 71550.

Alternative scenario: the downside breakout of 68070 would call for 66730 and 65940.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69126 and 68919).

Supports and resistances:
73140 **
72340 *
71550 **
70750
69131 last
68600
68070 **
66730 *
65940 **

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