Bitcoin Short Term: technical rebound in a bearish trend.
Bitcoin (BTC/USD)
+78.92+0.07%
short positions below 116840 with targets at 99260 & 94540 in extension.
Pivot: 116840
Our preference: short positions below 116840 with targets at 99260 & 94540 in extension.
Alternative scenario: above 116840 look for further upside with 124910 & 129720 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
129720
124910
116840
111517 Last
99260
94540
89630
Our preference: short positions below 116840 with targets at 99260 & 94540 in extension.
Alternative scenario: above 116840 look for further upside with 124910 & 129720 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
129720
124910
116840
111517 Last
99260
94540
89630
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