Bitcoin Intraday: under pressure below 107800
Bitcoin (BTC/USD)
+257.01+0.24%
under pressure below 107800.
Our pivot point stands at 107800.
Our preference: under pressure below 107800.
Alternative scenario: the upside breakout of 107800, would call for 108970 and 109670.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 106964 and 106892).
Supports and resistances:
109670 **
108970 *
107800 **
107340
106710 last
105150
104460 **
103760 *
103060 **
Our preference: under pressure below 107800.
Alternative scenario: the upside breakout of 107800, would call for 108970 and 109670.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 106964 and 106892).
Supports and resistances:
109670 **
108970 *
107800 **
107340
106710 last
105150
104460 **
103760 *
103060 **
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