Bitcoin Intraday: Aim at 74,713
Bitcoin (BTC/USD)
-474.76-0.63%
The downside prevails as long as 77,580 is resistance, with 74,713 and 73,950 as targets
Our pivot point is at 77,580.
Our preference: The downside prevails as long as 77,580 is resistance, with 74,713 and 73,950 as targets
Alternative scenario: above 77,580, look for 78,867 and 79,633.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands above its 20 period moving average (75,781) but below its 50 period moving average (76,479).
Supports and resistances:
79,633 **
78,867 *
77,580 **
75,826 last
74,713
73,950 **
73,188 *
Our preference: The downside prevails as long as 77,580 is resistance, with 74,713 and 73,950 as targets
Alternative scenario: above 77,580, look for 78,867 and 79,633.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands above its 20 period moving average (75,781) but below its 50 period moving average (76,479).
Supports and resistances:
79,633 **
78,867 *
77,580 **
75,826 last
74,713
73,950 **
73,188 *
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