October 31, 2023 at 09:06 AM

#BTC #usdt(trc20)

BTC may rise 504 - 754 USD

BTC Bitcoin / USDT intraday: rebound

Our preference

Rebound.

35,390.00Resistance * * *

35,140.00Resistance * *

34,890.00Resistance *

34,386.00 Last

34,030.00 Pivot

34,030.00Support *

33,610.00Support * *

33,360.00Support * * *

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 its 20 period moving average (34343) but under its 50 period moving average (34449).

Alternative scenario

The downside breakout of 34030 would call for 33610 and 33360.

$BTC