Bitcoin Intraday: target 60300
Bitcoin (BTC/USD)
+1207.39+1.99%
target 60300.
Our pivot point stands at 62570.
Our preference: target 60300.
Alternative scenario: above 62570, look for 63300 and 63720.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (62114) but above its 50 period moving average (61671).
Supports and resistances:
63720 **
63300 *
62570 **
61725 last
60720
60300 **
59870 *
Our preference: target 60300.
Alternative scenario: above 62570, look for 63300 and 63720.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (62114) but above its 50 period moving average (61671).
Supports and resistances:
63720 **
63300 *
62570 **
61725 last
60720
60300 **
59870 *
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