Bitcoin Intraday: rebound towards 117570
Bitcoin (BTC/USD)
-638.71-0.56%
rebound towards 117570.
Our pivot point stands at 114470.
Our preference: rebound towards 117570.
Alternative scenario: below 114470, expect 113330 and 112660.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (115279) but below its 50 period moving average (115795).
Supports and resistances:
118930 **
118250 *
117570 **
116890
115522 last
114910
114470 **
113330 *
112660 **
Our preference: rebound towards 117570.
Alternative scenario: below 114470, expect 113330 and 112660.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (115279) but below its 50 period moving average (115795).
Supports and resistances:
118930 **
118250 *
117570 **
116890
115522 last
114910
114470 **
113330 *
112660 **
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