Bitcoin Intraday: the upside prevails as long as 108060 is support
Bitcoin (BTC/USD)
-1220.64-1.12%
the upside prevails as long as 108060 is support.
Our pivot point stands at 108060.
Our preference: the upside prevails as long as 108060 is support.
Alternative scenario: below 108060, expect 106910 and 106220.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 108654 and 108776).
Supports and resistances:
112510 **
111830 *
111140 **
110460
109055 last
108510
108060 **
106910 *
106220 **
Our preference: the upside prevails as long as 108060 is support.
Alternative scenario: below 108060, expect 106910 and 106220.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 108654 and 108776).
Supports and resistances:
112510 **
111830 *
111140 **
110460
109055 last
108510
108060 **
106910 *
106220 **
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.
