Bitcoin Intraday: rebound
Jun 26, 2024 14:39
Bitcoin (BTC/USD)
+941.96+1.57%
rebound.
Our pivot point stands at 60720.
Our preference: rebound.
Alternative scenario: below 60720, expect 59750 and 59170.
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 trigger further gains. Moreover, the price stands above its 20 period moving average (61517) but below its 50 period moving average (61705).
Supports and resistances:
64600 **
64020 *
63450 **
62870
61627 last
61100
60720 **
59750 *
59170 **
Our preference: rebound.
Alternative scenario: below 60720, expect 59750 and 59170.
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 trigger further gains. Moreover, the price stands above its 20 period moving average (61517) but below its 50 period moving average (61705).
Supports and resistances:
64600 **
64020 *
63450 **
62870
61627 last
61100
60720 **
59750 *
59170 **
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