Bitcoin Intraday: Rebound expected
Bitcoin (BTC/USD)
-90.63-0.11%
In spite of the current correction, a rebound near 81,646 is expected as long as 79,716 is still intact
Our pivot point is at 79,716.
Our preference: In spite of the current correction, a rebound near 81,646 is expected as long as 79,716 is still intact
Alternative scenario: below 79,716, expect 79,096 and 78,727.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. The price stands above its 20 period moving average (80,285) but below its 50 period moving average (80,672).
Supports and resistances:
82,017 *
81,646 **
81,275
80,443 last
79,716 **
79,096 *
78,727 **
Our preference: In spite of the current correction, a rebound near 81,646 is expected as long as 79,716 is still intact
Alternative scenario: below 79,716, expect 79,096 and 78,727.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. The price stands above its 20 period moving average (80,285) but below its 50 period moving average (80,672).
Supports and resistances:
82,017 *
81,646 **
81,275
80,443 last
79,716 **
79,096 *
78,727 **
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