Bitcoin Intraday: under pressure below 70540
Bitcoin (BTC/USD)
-887.29-1.26%
under pressure below 70540.
Our pivot point is at 70540.
Our preference: under pressure below 70540.
Alternative scenario: above 70540, look for 71420 and 71940.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70218 and 70046).
Supports and resistances:
71940 **
71420 *
70540 **
70190
69829 last
68740
68220 **
67700 *
67170 **
Our preference: under pressure below 70540.
Alternative scenario: above 70540, look for 71420 and 71940.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70218 and 70046).
Supports and resistances:
71940 **
71420 *
70540 **
70190
69829 last
68740
68220 **
67700 *
67170 **
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.
