Bitcoin Intraday: First target, continuation or consolidation?
Bitcoin (BTC/USD)
+533.72+0.63%
The upside prevails as long as 84,891 is support, with 87,558 and 88,248 as targets
Our pivot point is at 84,891.
Our preference: The upside prevails as long as 84,891 is support, with 87,558 and 88,248 as targets
Alternative scenario: below 84,891, expect 83,737 and 83,050.
Comment: With prices now approaching our initial target, this level may prompt a throwback. That said, a decisive break above it could also act as a catalyst for further upside.
Supports and resistances:
88,938 *
88,248 **
87,558
86,702 last
84,891 **
83,737 *
83,050 **
Our preference: The upside prevails as long as 84,891 is support, with 87,558 and 88,248 as targets
Alternative scenario: below 84,891, expect 83,737 and 83,050.
Comment: With prices now approaching our initial target, this level may prompt a throwback. That said, a decisive break above it could also act as a catalyst for further upside.
Supports and resistances:
88,938 *
88,248 **
87,558
86,702 last
84,891 **
83,737 *
83,050 **
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.
