Bitcoin Intraday: rebound towards 123970
Bitcoin (BTC/USD)+553.89+0.45%
rebound towards 123970.

120380 is our pivot point.
Our preference: rebound towards 123970.
Alternative scenario: below 120380, expect 119050 and 118260.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 121774 and 122558).
Supports and resistances:
125560 **
124760 *
123970 **
123170
121584 last
120910
120380 **
119050 *
118260 **
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