Bitcoin / Dollar intraday: rebound towards 42356

  • May 19, 2021

39572 is our pivot point.

Our preference: rebound towards 42356.

Alternative scenario: the downside breakout of 39572 would call for 38517 and 37889.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 40589 and 42516).

Supports and resistances:
43614 **
42985 *
42356 **
41728
40431 last
39986
39572 **
38517 *
37889 **