Bitcoin Intraday: Rebound towards 79,721

Bitcoin (BTC/USD)
-713.50-0.91%
Rebound above 77,487 towards 79,721
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Our pivot point is at 77,487.

Our preference: Rebound above 77,487 towards 79,721

Alternative scenario: below 77,487, expect 76,781 and 76,361.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. The price stands below its 20 and 50 period moving average (respectively at 78,314 and 79,543).

Supports and resistances:
80,143 *
79,721 **
79,298
78,084 last
77,487 **
76,781 *
76,361 **

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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