Bitcoin Intraday: as long as 77500 is resistance look for 75050
Bitcoin (BTC/USD)
-378.43-0.49%
as long as 77500 is resistance look for 75050.
Our pivot point is at 77500.
Our preference: as long as 77500 is resistance look for 75050.
Alternative scenario: above 77500, look for 78460 and 79020.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (76719) but below its 50 period moving average (76779).
Supports and resistances:
79020 **
78460 *
77500 **
76757 last
75620
75050 **
74480 *
Our preference: as long as 77500 is resistance look for 75050.
Alternative scenario: above 77500, look for 78460 and 79020.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (76719) but below its 50 period moving average (76779).
Supports and resistances:
79020 **
78460 *
77500 **
76757 last
75620
75050 **
74480 *
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