Bitcoin Intraday: Aim at 76,289
Bitcoin (BTC/USD)
-2173.83-2.75%
The downside prevails as long as 79,093 is resistance, with 76,289 and 75,513 as targets
Our pivot point is at 79,093.
Our preference: The downside prevails as long as 79,093 is resistance, with 76,289 and 75,513 as targets
Alternative scenario: above 79,093, look for 80,400 and 81,178.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 78,226 and 78,179).
Supports and resistances:
81,178 **
80,400 *
79,093 **
77,446 last
76,289
75,513 **
74,738 *
Our preference: The downside prevails as long as 79,093 is resistance, with 76,289 and 75,513 as targets
Alternative scenario: above 79,093, look for 80,400 and 81,178.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 78,226 and 78,179).
Supports and resistances:
81,178 **
80,400 *
79,093 **
77,446 last
76,289
75,513 **
74,738 *
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.
