Bitcoin Intraday: rebound towards 70300

May 24, 2024 00:29
Bitcoin (BTC/USD)
rebound towards 70300.
66840 is our pivot point.

Our preference: rebound towards 70300.

Alternative scenario: below 66840, expect 65520 and 64740.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (67668) but under its 50 period moving average (68723).

Supports and resistances:
71860 **
71080 *
70300 **
67877 last
66840 **
65520 *
64740 **

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.