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Bitcoin/Dollar levels: As long as 6580 is support look for 7214

Bitcoin/Dollar levels: As long as 6580 is support look for 7214
Swissquote Bank Research TeamSwissquote Bank Research TeamSwissquote Bank Ltd

Bitcoin/Dollar

As long as 6580 is support look for 7214.

BITCOIN

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Our pivot (invalidation) point stands at 6580.

Our preference
As Long as 6580 is support look for 7214.

Alternative scenario
The downside breakout of 6580 would call for 6340 and 6197.

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 trading above both its 20 and 50 MAs (respectively at 6751 and 6696).

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Swissquote Bank Research Team

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