Bitcoin Intraday: 73,076 in sight
Bitcoin (BTC/USD)
+3435.66+4.98%
The upside prevails as long as 71,195 is support, with 73,076 and 73,416 as targets
Our pivot point is at 71,195.
Our preference: The upside prevails as long as 71,195 is support, with 73,076 and 73,416 as targets
Alternative scenario: below 71,195, expect 70,630 and 70,294.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 70,739 and 69,253).
Supports and resistances:
73,755 *
73,416 **
73,076
71,936 last
71,195 **
70,630 *
70,294 **
Our preference: The upside prevails as long as 71,195 is support, with 73,076 and 73,416 as targets
Alternative scenario: below 71,195, expect 70,630 and 70,294.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 70,739 and 69,253).
Supports and resistances:
73,755 *
73,416 **
73,076
71,936 last
71,195 **
70,630 *
70,294 **
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