Bitcoin Intraday: Watching for a Trigger Below Support
Bitcoin (BTC/USD)
+105.88+0.13%
The downside prevails as long as 83,395 is resistance, with 82,011 and 81,687 as targets
Our pivot point is at 83,395.
Our preference: The downside prevails as long as 83,395 is resistance, with 82,011 and 81,687 as targets
Alternative scenario: above 83,395, look for 83,941 and 84,266.
Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.
Supports and resistances:
84,266 **
83,941 *
83,395 **
82,316 last
82,011
81,687 **
81,363 *
Our preference: The downside prevails as long as 83,395 is resistance, with 82,011 and 81,687 as targets
Alternative scenario: above 83,395, look for 83,941 and 84,266.
Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.
Supports and resistances:
84,266 **
83,941 *
83,395 **
82,316 last
82,011
81,687 **
81,363 *
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