Bitcoin Intraday: as long as 114250 is support look for 117230
Bitcoin (BTC/USD)
+1759.58+1.54%
as long as 114250 is support look for 117230.
Our pivot point stands at 114250.
Our preference: as long as 114250 is support look for 117230.
Alternative scenario: the downside breakout of 114250 would call for 113100 and 112410.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (115210) but above its 50 period moving average (114948).
Supports and resistances:
118600 **
117920 *
117230 **
116550
115150 last
114700
114250 **
113100 *
112410 **
Our preference: as long as 114250 is support look for 117230.
Alternative scenario: the downside breakout of 114250 would call for 113100 and 112410.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (115210) but above its 50 period moving average (114948).
Supports and resistances:
118600 **
117920 *
117230 **
116550
115150 last
114700
114250 **
113100 *
112410 **
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