Bitcoin Short Term: the downside prevails as long as 78470 is resistance
Bitcoin (BTC/USD)-525.49-0.75%
the downside prevails as long as 78470 is resistance.

Our pivot point is at 78470.
Our preference: the downside prevails as long as 78470 is resistance.
Alternative scenario: above 78470, look for 88660 and 94720.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 79227 and 86173).
Supports and resistances:
94720 **
88660 *
78470 **
74470
68850 last
56860
50950 **
45040 *
39130 **
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.