Bitcoin Intraday: under pressure below 79030

Bitcoin (BTC/USD)
-186.86-0.24%
under pressure below 79030.
image
Our pivot point is at 79030.

Our preference: under pressure below 79030.

Alternative scenario: the upside breakout of 79030, would call for 79990 and 80560.

Comment: the RSI is below 50. The MACD is below its signal line and positive. 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 78525 and 78350).

Supports and resistances:
80560 **
79990 *
79030 **
78660
78203 last
76740
76170 **
75600 *
75040 **

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.
goTop
quote