Bitcoin Short Term: continuation of the rebound.
Bitcoin (BTC/USD)-4083.56-4.33%
long positions above 78000 with targets at 100000 & 109000 in extension.
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Pivot: 78000
Our preference: long positions above 78000 with targets at 100000 & 109000 in extension.
Alternative scenario: below 78000 look for further downside with 66000 & 59000 as targets.
Comment: a support base at 78000 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
114020
109000
100000
92305 Last
78000
66000
59000
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