Bitcoin Intraday: as long as 108510 is support look for 112120
Bitcoin (BTC/USD)
+539.67+0.49%
as long as 108510 is support look for 112120.
Our pivot point is at 108510.
Our preference: as long as 108510 is support look for 112120.
Alternative scenario: the downside breakout of 108510 would call for 107190 and 106410.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (109755) but above its 50 period moving average (109284).
Supports and resistances:
113690 **
112910 *
112120 **
111330
109643 last
109030
108510 **
107190 *
106410 **
Our preference: as long as 108510 is support look for 112120.
Alternative scenario: the downside breakout of 108510 would call for 107190 and 106410.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (109755) but above its 50 period moving average (109284).
Supports and resistances:
113690 **
112910 *
112120 **
111330
109643 last
109030
108510 **
107190 *
106410 **
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