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Bitcoin/Dollar Levels: As long as 6502 is support look for 7114

Bitcoin/Dollar Levels: As long as 6502 is support look for 7114
Swissquote Bank Research TeamSwissquote Bank Research TeamSwissquote Bank Ltd

Bitcoin/Dollar

As long as 6502 is support look for 7114

Bitcoin

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Our pivot (invalidation) point stands at 6502.

Our preference
As Long as 6502 is support look for 7114.

Alternative scenario
The downside breakout of 6502 would call for 6266 and 6125.

Comment
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (6712) but above its 50 MA (6567).

Author

Swissquote Bank Research Team

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