Swissquote Bank Research Team
Swissquote Bank Ltd
Bitcoin/Dollar
As long as 6502 is support look for 7114
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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).
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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