Bitcoin Intraday: target 66060
May 31, 2024 12:41 AM
target 66060.
Our pivot point stands at 69370.
Our preference: target 66060.
Alternative scenario: above 69370, look for 70660 and 71420.
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 (68618) but above its 50 period moving average (68173).
Supports and resistances:
71420 **
70660 *
69370 **
68870
68350 last
66820
66060 **
65290 *
64530 **
Our preference: target 66060.
Alternative scenario: above 69370, look for 70660 and 71420.
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 (68618) but above its 50 period moving average (68173).
Supports and resistances:
71420 **
70660 *
69370 **
68870
68350 last
66820
66060 **
65290 *
64530 **
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85676
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