Bitcoin Intraday: as long as 105240 is support look for 108940
Bitcoin (BTC/USD)
+606.91+0.58%
as long as 105240 is support look for 108940.
Our pivot point stands at 105240.
Our preference: as long as 105240 is support look for 108940.
Alternative scenario: the downside breakout of 105240 would call for 103870 and 103060.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 106084 and 104511).
Supports and resistances:
110560 **
109750 *
108940 **
108130
106487 last
105770
105240 **
103870 *
103060 **
Our preference: as long as 105240 is support look for 108940.
Alternative scenario: the downside breakout of 105240 would call for 103870 and 103060.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 106084 and 104511).
Supports and resistances:
110560 **
109750 *
108940 **
108130
106487 last
105770
105240 **
103870 *
103060 **
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