Bitcoin Intraday: rebound towards 77880

Bitcoin (BTC/USD)
-414.73-0.56%
rebound towards 77880.
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Our pivot point is at 74630.

Our preference: rebound towards 77880.

Alternative scenario: the downside breakout of 74630 would call for 73410 and 72680.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 75681 and 76080).

Supports and resistances:
78610 *
77880 **
77150
75625 last
74630 **
73410 *
72680 **

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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