Bitcoin Intraday: rebound towards 76570

Bitcoin (BTC/USD)
+968.20+1.31%
rebound towards 76570.
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Our pivot point is at 72950.

Our preference: rebound towards 76570.

Alternative scenario: below 72950, expect 71750 and 71040.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 74063 and 74364).

Supports and resistances:
77280 *
76570 **
75850
73999 last
72950 **
71750 *
71040 **

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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