Bitcoin Intraday: target 60080

May 14, 2024 2:26 AM

target 60080.

Our pivot point stands at 63730.

Our preference: target 60080.

Alternative scenario: the upside breakout of 63730, would call for 65080 and 65880.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (62876) but above its 50 period moving average (62435).

Supports and resistances:
65880 **
65080 *
63730 **
63200
62533 last
60880
60080 **
59280 *
58480 **

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