Bitcoin btc / usd analysis update intraday time horizon 5 june

Do repost and rate:

The MACD is positive and hovering above its moving average.

36723 is our pivot

Foreseeable scenario: as long as the support at 36723 holds, the bullish scenario will prevail.

Alternative scenario: A collapse of 36723 would result in a decline towards 34741

Analysis: The RSI hovers above the 50-point equilibrium line. The MACD is positive and hovering above its moving average. The setting is positive. Observe that the volumes have been on the rise for a few days.

Supports and resistance:

41434 **

40693 *

39953 **

39213

37705 (last trade)

37211

36723 **

35481 *

34741 **

 

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.

THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

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