Bitcoin Intraday: the downside prevails.
Bitcoin (BTC/USD)
-949.76-1.60%
short positions below 61040 with targets at 58800 & 58075 in extension.
Pivot: 61040
Our preference: short positions below 61040 with targets at 58800 & 58075 in extension.
Alternative scenario: above 61040 look for further upside with 61880 & 62960 as targets.
Comment: the upward potential is likely to be limited by the resistance at 61040.
Supports and resistances:
62960 ***
61880 ***
61040 ***
59783 Last
58800 **
58075 ***
57460 **
Our preference: short positions below 61040 with targets at 58800 & 58075 in extension.
Alternative scenario: above 61040 look for further upside with 61880 & 62960 as targets.
Comment: the upward potential is likely to be limited by the resistance at 61040.
Supports and resistances:
62960 ***
61880 ***
61040 ***
59783 Last
58800 **
58075 ***
57460 **
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