Bitcoin Intraday: Critical support closing in

Bitcoin (BTC/USD)
-2042.83-2.45%
The downside prevails as long as 85,783 is resistance, with 83,715 and 83,385 as targets
image
Our pivot point is at 85,783.

Our preference: The downside prevails as long as 85,783 is resistance, with 83,715 and 83,385 as targets

Alternative scenario: above 85,783, look for 86,345 and 86,679.

Comment: The approach toward our first target represents a key level to monitor, it may trigger pressure for a pullback, though a firm close below this threshold could lead prices lower.

Supports and resistances:
86,679 **
86,345 *
85,783 **
84,178 last
83,715
83,385 **
83,054 *

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