Bitcoin Short Term: the upside prevails as long as 67510 is support
Bitcoin (BTC/USD)
+1950.94+2.67%
the upside prevails as long as 67510 is support.
67510 is our pivot point.
Our preference: the upside prevails as long as 67510 is support.
Alternative scenario: the downside breakout of 67510 would call for 59210 and 54270.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69499 and 69486).
Supports and resistances:
94950 *
89950 **
84950
74515 last
67510 **
59210 *
54270 **
Our preference: the upside prevails as long as 67510 is support.
Alternative scenario: the downside breakout of 67510 would call for 59210 and 54270.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69499 and 69486).
Supports and resistances:
94950 *
89950 **
84950
74515 last
67510 **
59210 *
54270 **
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.
