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Bitcoin / Dollar intraday: our next up target stands at 60200
2024-05-02
1167
Our pivot point stands at 56860.
Our preference: our next up target stands at 60200.
Alternative scenario: the downside breakout of 56860 would call for 55570 and 54800.
Comment: the RSI is above 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 both its 20 and 50 period moving average (respectively at 57597 and 57536).
Supports and resistances:
61740 **
60970 *
60200 **
59430
57887 last
57370
56860 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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