Bitcoin Intraday: Target 62,242
Bitcoin (BTC/USD)
-1541.51-2.38%
The downside prevails as long as 63,916 is resistance, with 62,242 and 61,805 as targets
Our pivot point is at 63,916.
Our preference: The downside prevails as long as 63,916 is resistance, with 62,242 and 61,805 as targets
Alternative scenario: above 63,916, look for 64,651 and 65,089.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 63,418 and 64,326).
Supports and resistances:
65,089 **
64,651 *
63,916 **
63,415 last
62,242
61,805 **
61,369 *
Our preference: The downside prevails as long as 63,916 is resistance, with 62,242 and 61,805 as targets
Alternative scenario: above 63,916, look for 64,651 and 65,089.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 63,418 and 64,326).
Supports and resistances:
65,089 **
64,651 *
63,916 **
63,415 last
62,242
61,805 **
61,369 *
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