Bitcoin Intraday: Critical support closing in

Bitcoin (BTC/USD)
-2607.38-3.30%
The downside prevails as long as 79,093 is resistance, with 76,289 and 75,513 as targets
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Our pivot point is at 79,093.

Our preference: The downside prevails as long as 79,093 is resistance, with 76,289 and 75,513 as targets

Alternative scenario: above 79,093, look for 80,400 and 81,178.

Comment: Prices are now edging toward our first target. Should this level be reached, a pullback is likely to surface; yet a convincing break below it could open the door to further losses.

Supports and resistances:
81,178 **
80,400 *
79,093 **
76,911 last
76,289
75,513 **
74,738 *

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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