Bitcoin Intraday: Throwback or further upside?
Bitcoin (BTC/USD)
-192.53-0.30%
The upside prevails as long as 63,506 is support, with 64,828 and 65,154 as targets
Our pivot point is at 63,506.
Our preference: The upside prevails as long as 63,506 is support, with 64,828 and 65,154 as targets
Alternative scenario: below 63,506, expect 62,961 and 62,636.
Comment: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
65,480 *
65,154 **
64,828
64,442 last
63,506 **
62,961 *
62,636 **
Our preference: The upside prevails as long as 63,506 is support, with 64,828 and 65,154 as targets
Alternative scenario: below 63,506, expect 62,961 and 62,636.
Comment: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
65,480 *
65,154 **
64,828
64,442 last
63,506 **
62,961 *
62,636 **
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