Bitcoin Intraday: the downside prevails as long as 86530 is resistance

Bitcoin (BTC/USD)
+2246.54+2.63%
the downside prevails as long as 86530 is resistance.
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Our pivot point stands at 86530.

Our preference: the downside prevails as long as 86530 is resistance.

Alternative scenario: the upside breakout of 86530, would call for 87800 and 88560.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 86506 and 86619).

Supports and resistances:
88560 **
87800 *
86530 **
86040
85387 last
83880
83130 **
82380 *
81620 **

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.
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