Bitcoin Intraday: our next up target stands at 112100
Bitcoin (BTC/USD)
-2166.99-1.99%
our next up target stands at 112100.
108620 is our pivot point.
Our preference: our next up target stands at 112100.
Alternative scenario: below 108620, expect 107270 and 106470.
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 call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 109508 and 109496).
Supports and resistances:
113700 **
112900 *
112100 **
111290
109690 last
109140
108620 **
107270 *
106470 **
Our preference: our next up target stands at 112100.
Alternative scenario: below 108620, expect 107270 and 106470.
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 call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 109508 and 109496).
Supports and resistances:
113700 **
112900 *
112100 **
111290
109690 last
109140
108620 **
107270 *
106470 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
