Bitcoin Intraday: the upside prevails as long as 109360 is support
Bitcoin (BTC/USD)
-2423.85-2.21%
the upside prevails as long as 109360 is support.
Our pivot point stands at 109360.
Our preference: the upside prevails as long as 109360 is support.
Alternative scenario: the downside breakout of 109360 would call for 108030 and 107240.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 110133 and 110003).
Supports and resistances:
114350 **
113560 *
112770 **
111980
110400 last
109880
109360 **
108030 *
107240 **
Our preference: the upside prevails as long as 109360 is support.
Alternative scenario: the downside breakout of 109360 would call for 108030 and 107240.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 110133 and 110003).
Supports and resistances:
114350 **
113560 *
112770 **
111980
110400 last
109880
109360 **
108030 *
107240 **
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.
