Bitcoin Short Term: our next up target stands at 109070
Apr 15, 2025 10:09 AM
our next up target stands at 109070.
Our pivot point is at 74350.
Our preference:
our next up target stands at 109070.
Alternative scenario:
below 74350, expect 61640 and 54080.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 82796 and 84324).
Supports and resistances:
124490 **
116780 *
109070 **
101360
85850 last
79350
74350 **
61640 *
54080 **
Our preference:
our next up target stands at 109070.
Alternative scenario:
below 74350, expect 61640 and 54080.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 82796 and 84324).
Supports and resistances:
124490 **
116780 *
109070 **
101360
85850 last
79350
74350 **
61640 *
54080 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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