$BTC may rise 1,409.00- 2,119.00 USD

Our preference:

As long as 117370 is support look for 120690.

121390. Resistance...

120690. Resistance..

119980. Resistance.

118571. Last

117370. Pivot

117370. Support.

116190. Support..

115490. Support...

Comment:

  1. The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 118498 and 117999).

Alternative scenario:

  1. The downside breakout of 117370 would call for 116190 and 115490.

#BTC #TradingSignals