Bitcoin Intraday: Watching for a Trigger Below Support

Bitcoin (BTC/USD)
+61.80+0.07%
Under pressure below 86,519, with 83,677 and 82,938 as targets
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Our pivot point is at 86,519.

Our preference: Under pressure below 86,519, with 83,677 and 82,938 as targets

Alternative scenario: above 86,519, look for 87,766 and 88,509.

Comment: Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.

Supports and resistances:
88,509 **
87,766 *
86,519 **
84,616 last
83,677
82,938 **
82,198 *

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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