Bitcoin Intraday: as long as 121560 is support look for 124990
Bitcoin (BTC/USD)
-473.11-0.39%
as long as 121560 is support look for 124990.
Our pivot point is at 121560.
Our preference: as long as 121560 is support look for 124990.
Alternative scenario: the downside breakout of 121560 would call for 120260 and 119480.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 122345 and 121657).
Supports and resistances:
126540 **
125770 *
124990 **
124210
122583 last
122070
121560 **
120260 *
119480 **
Our preference: as long as 121560 is support look for 124990.
Alternative scenario: the downside breakout of 121560 would call for 120260 and 119480.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 122345 and 121657).
Supports and resistances:
126540 **
125770 *
124990 **
124210
122583 last
122070
121560 **
120260 *
119480 **
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