Bitcoin Intraday: as long as 118610 is support look for 121700
Bitcoin (BTC/USD)
-1277.02-1.07%
as long as 118610 is support look for 121700.
Our pivot point stands at 118610.
Our preference: as long as 118610 is support look for 121700.
Alternative scenario: the downside breakout of 118610 would call for 117410 and 116690.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (119584) but above its 50 period moving average (118756).
Supports and resistances:
123140 **
122420 *
121700 **
120990
119556 last
119080
118610 **
117410 *
116690 **
Our preference: as long as 118610 is support look for 121700.
Alternative scenario: the downside breakout of 118610 would call for 117410 and 116690.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (119584) but above its 50 period moving average (118756).
Supports and resistances:
123140 **
122420 *
121700 **
120990
119556 last
119080
118610 **
117410 *
116690 **
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