Bitcoin Intraday: above its upper Bollinger band
Jun 11, 2024 8:11 PM
rebound.
Our pivot point is at 66280.
Our preference: rebound.
Alternative scenario: below 66280, expect 65150 and 64480.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (66864) but under its 50 period moving average (67889). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 67515).
Supports and resistances:
70930 **
70250 *
69570 **
68900
67546 last
66730
66280 **
65150 *
64480 **
Our preference: rebound.
Alternative scenario: below 66280, expect 65150 and 64480.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (66864) but under its 50 period moving average (67889). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 67515).
Supports and resistances:
70930 **
70250 *
69570 **
68900
67546 last
66730
66280 **
65150 *
64480 **
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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Bitcoin
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