Bitcoin Intraday: as long as 108310 is support look for 112510
Bitcoin (BTC/USD)
-2411.98-2.20%
as long as 108310 is support look for 112510.
Our pivot point is at 108310.
Our preference: as long as 108310 is support look for 112510.
Alternative scenario: the downside breakout of 108310 would call for 106990 and 106210.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 109837 and 108770).
Supports and resistances:
114090 **
113300 *
112510 **
111730
110087 last
108820
108310 **
106990 *
106210 **
Our preference: as long as 108310 is support look for 112510.
Alternative scenario: the downside breakout of 108310 would call for 106990 and 106210.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 109837 and 108770).
Supports and resistances:
114090 **
113300 *
112510 **
111730
110087 last
108820
108310 **
106990 *
106210 **
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