Bitcoin Intraday: as long as 61840 is support look for 63910

Bitcoin (BTC/USD)
-224.68-0.36%
as long as 61840 is support look for 63910.
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Our pivot point stands at 61840.

Our preference: as long as 61840 is support look for 63910.

Alternative scenario: the downside breakout of 61840 would call for 61070 and 60610.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (62558) but above its 50 period moving average (62149).

Supports and resistances:
64370 *
63910 **
63450
62520 last
61840 **
61070 *
60610 **

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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