Bitcoin Intraday: Decline at a crossroads
Bitcoin (BTC/USD)
-41.36-0.05%
Even if a technical recovery cannot be ruled out, a drop towards 84,833 remains likely as long as 86,511 is resistance
Our pivot point is at 86,511.
Our preference: Even if a technical recovery cannot be ruled out, a drop towards 84,833 remains likely as long as 86,511 is resistance
Alternative scenario: above 86,511, look for 87,078 and 87,415.
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:
87,415 **
87,078 *
86,511 **
85,480 last
85,169
84,833 **
84,497 *
Our preference: Even if a technical recovery cannot be ruled out, a drop towards 84,833 remains likely as long as 86,511 is resistance
Alternative scenario: above 86,511, look for 87,078 and 87,415.
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:
87,415 **
87,078 *
86,511 **
85,480 last
85,169
84,833 **
84,497 *
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.
