Bitcoin Intraday: as long as 70420 is support look for 73320
Bitcoin (BTC/USD)
+2422.75+3.50%
as long as 70420 is support look for 73320.
Our pivot point stands at 70420.
Our preference: as long as 70420 is support look for 73320.
Alternative scenario: below 70420, expect 69310 and 68650.
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 above both its 20 and 50 period moving average (respectively at 70706 and 69397).
Supports and resistances:
73980 *
73320 **
72660
71341 last
70420 **
69310 *
68650 **
Our preference: as long as 70420 is support look for 73320.
Alternative scenario: below 70420, expect 69310 and 68650.
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 above both its 20 and 50 period moving average (respectively at 70706 and 69397).
Supports and resistances:
73980 *
73320 **
72660
71341 last
70420 **
69310 *
68650 **
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