Bitcoin Intraday: rebound towards 65240
May 8, 2024 04:41
Bitcoin (BTC/USD)
-243.99-0.36%
rebound towards 65240.
Our pivot point stands at 61700.
Our preference: rebound towards 65240.
Alternative scenario: the downside breakout of 61700 would call for 60340 and 59540.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 62783 and 63310).
Supports and resistances:
66860 **
66050 *
65240 **
64440
62766 last
62230
61700 **
60340 *
59540 **
Our preference: rebound towards 65240.
Alternative scenario: the downside breakout of 61700 would call for 60340 and 59540.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 62783 and 63310).
Supports and resistances:
66860 **
66050 *
65240 **
64440
62766 last
62230
61700 **
60340 *
59540 **
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