Bitcoin Intraday: rebound
Bitcoin (BTC/USD)
-935.88-1.01%
rebound.
89270 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 89270 would call for 87880 and 87060.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (90321) but under its 50 period moving average (90771).
Supports and resistances:
94620 **
93790 *
92970 **
92140
90490 last
89810
89270 **
87880 *
87060 **
Our preference: rebound.
Alternative scenario: the downside breakout of 89270 would call for 87880 and 87060.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (90321) but under its 50 period moving average (90771).
Supports and resistances:
94620 **
93790 *
92970 **
92140
90490 last
89810
89270 **
87880 *
87060 **
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