Bitcoin Short Term: Look for 85,749
Bitcoin (BTC/USD)
-911.10-1.15%
The upside prevails as long as 73,021 is support, with 85,749 and 88,628 as targets
Our pivot point is at 73,021.
Our preference: The upside prevails as long as 73,021 is support, with 85,749 and 88,628 as targets
Alternative scenario: below 73,021, expect 68,384 and 65,625.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 77,912 and 69,663).
Supports and resistances:
91,508 *
88,628 **
85,749
78,942 last
73,021 **
68,384 *
65,625 **
Our preference: The upside prevails as long as 73,021 is support, with 85,749 and 88,628 as targets
Alternative scenario: below 73,021, expect 68,384 and 65,625.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 77,912 and 69,663).
Supports and resistances:
91,508 *
88,628 **
85,749
78,942 last
73,021 **
68,384 *
65,625 **
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.
