Bitcoin Intraday: as long as 109910 is support look for 113000
Bitcoin (BTC/USD)
-139.80-0.13%
as long as 109910 is support look for 113000.
Our pivot point stands at 109910.
Our preference: as long as 109910 is support look for 113000.
Alternative scenario: the downside breakout of 109910 would call for 108810 and 108150.
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 (111048) but above its 50 period moving average (109949).
Supports and resistances:
114320 **
113660 *
113000 **
112350
110780 last
110350
109910 **
108810 *
108150 **
Our preference: as long as 109910 is support look for 113000.
Alternative scenario: the downside breakout of 109910 would call for 108810 and 108150.
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 (111048) but above its 50 period moving average (109949).
Supports and resistances:
114320 **
113660 *
113000 **
112350
110780 last
110350
109910 **
108810 *
108150 **
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