Bitcoin Intraday: our next up target stands at 117910
Bitcoin (BTC/USD)
+113.88+0.10%
our next up target stands at 117910.
Our pivot point is at 114910.
Our preference: our next up target stands at 117910.
Alternative scenario: the downside breakout of 114910 would call for 113760 and 113070.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 115728 and 115820).
Supports and resistances:
119280 **
118600 *
117910 **
117220
115826 last
115370
114910 **
113760 *
113070 **
Our preference: our next up target stands at 117910.
Alternative scenario: the downside breakout of 114910 would call for 113760 and 113070.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 115728 and 115820).
Supports and resistances:
119280 **
118600 *
117910 **
117220
115826 last
115370
114910 **
113760 *
113070 **
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.
