Bitcoin Intraday: Decline at a crossroads
Bitcoin (BTC/USD)
-479.13-0.63%
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 approach toward our first target represents a key level to monitor, it may trigger pressure for a pullback, though a firm close below this threshold could lead prices lower.
Supports and resistances:
79,633 **
78,867 *
77,580 **
75,705 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 approach toward our first target represents a key level to monitor, it may trigger pressure for a pullback, though a firm close below this threshold could lead prices lower.
Supports and resistances:
79,633 **
78,867 *
77,580 **
75,705 last
74,713
73,950 **
73,188 *
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.
