Bitcoin Intraday: rebound towards 78600

Bitcoin (BTC/USD)
-1469.54-1.88%
rebound towards 78600.
image
75950 is our pivot point.

Our preference: rebound towards 78600.

Alternative scenario: below 75950, expect 74970 and 74390.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 76897 and 77606).

Supports and resistances:
79180 *
78600 **
78010
76775 last
75950 **
74970 *
74390 **

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.
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