Bitcoin Intraday: Watching for a Trigger Below Support
Bitcoin (BTC/USD)
-1392.61-1.65%
The downside prevails as long as 85,541 is resistance, with 82,437 and 81,679 as targets
Our pivot point is at 85,541.
Our preference: The downside prevails as long as 85,541 is resistance, with 82,437 and 81,679 as targets
Alternative scenario: above 85,541, look for 86,823 and 87,586.
Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.
Supports and resistances:
87,586 **
86,823 *
85,541 **
83,067 last
82,437
81,679 **
80,921 *
Our preference: The downside prevails as long as 85,541 is resistance, with 82,437 and 81,679 as targets
Alternative scenario: above 85,541, look for 86,823 and 87,586.
Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.
Supports and resistances:
87,586 **
86,823 *
85,541 **
83,067 last
82,437
81,679 **
80,921 *
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