Bitcoin Intraday: rebound towards 110220
Bitcoin (BTC/USD)
-365.60-0.35%
rebound towards 110220.
Our pivot point stands at 106270.
Our preference: rebound towards 110220.
Alternative scenario: below 106270, expect 104950 and 104170.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 107418 and 107907).
Supports and resistances:
111800 **
111010 *
110220 **
109430
107307 last
106790
106270 **
104950 *
104170 **
Our preference: rebound towards 110220.
Alternative scenario: below 106270, expect 104950 and 104170.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 107418 and 107907).
Supports and resistances:
111800 **
111010 *
110220 **
109430
107307 last
106790
106270 **
104950 *
104170 **
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.
