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Bitcoin Intraday: rise to 63350
May 12, 2024 7:14 AM
rise to 63350.
59900 is our pivot point.
Our preference: rise to 63350.
Alternative scenario: below 59900, expect 58580 and 57800.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60938 and 60933).
Supports and resistances:
64920 **
64140 *
63350 **
62570
60940 last
60410
59900 **
58580 *
57800 **
Our preference: rise to 63350.
Alternative scenario: below 59900, expect 58580 and 57800.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60938 and 60933).
Supports and resistances:
64920 **
64140 *
63350 **
62570
60940 last
60410
59900 **
58580 *
57800 **
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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