Bitcoin Intraday: our next up target stands at 71640
Jun 8, 2024 8:54 PM
our next up target stands at 71640.
Our pivot point stands at 68470.
Our preference: our next up target stands at 71640.
Alternative scenario: below 68470, expect 67250 and 66520.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69385 and 69361).
Supports and resistances:
73100 **
72370 *
71640 **
70910
69449 last
68960
68470 **
67250 *
66520 **
Our preference: our next up target stands at 71640.
Alternative scenario: below 68470, expect 67250 and 66520.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69385 and 69361).
Supports and resistances:
73100 **
72370 *
71640 **
70910
69449 last
68960
68470 **
67250 *
66520 **
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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