Swissquote Bank Research Team
Swissquote Bank Ltd
Bitcoin/Dollar
As long as 6079 is support look for 6580.
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Our pivot (invalidation) point stands at 6079.
Our preference
As Long as 6079 is support look for 6580.
Alternative scenario
Below 6079, expect 5886 and 5771.
Comment
The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is below its 20 MA (6244) but above its 50 MA (6213).
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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