Bitcoin Short Term: target 64670
Bitcoin (BTC/USD)
-579.83-0.75%
target 64670.
Our pivot point is at 82560.
Our preference: target 64670.
Alternative scenario: the upside breakout of 82560, would call for 89200 and 93160.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (79393) but above its 50 period moving average (75838).
Supports and resistances:
93160 **
89200 *
82560 **
76737 last
68580
64670 **
60760 *
Our preference: target 64670.
Alternative scenario: the upside breakout of 82560, would call for 89200 and 93160.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (79393) but above its 50 period moving average (75838).
Supports and resistances:
93160 **
89200 *
82560 **
76737 last
68580
64670 **
60760 *
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