Bitcoin / USD intraday : Look for 70,624

Limited Decrease
l
2026-11-12 18:08Source:TC

Our pivot point is at 73,216.

Our preference: The downside prevails as long as 73,216 is resistance, with 70,624 and 70,090 as targets

Alternative scenario: above 73,216, look for 74,124 and 74,664.

Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 72,707 and 73,491).

Supports and resistances:

74,664 **

74,124 *

73,216 **

71,685 last

70,624

70,090 **

69,556 *

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-12-2026 at 18:08 UTC+1

Price reference: 71685 last known on 11-12-2026 at 18:08 UTC+1

Investment horizon: INTRADAY

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Reference points and analysis views from trading strategies are provided by external providers, and strategy views are only the analyst's personal evaluation and assessment, not considering the investor's investment goals and financial conditions. All strategy views are not investment advice or recommendations, only for reference. Our company also does not guarantee the accuracy of strategy views and is not responsible for any negative results that may arise from trading strategies.

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