Bitcoin Intraday: the downside prevails as long as 112070 is resistance
Bitcoin (BTC/USD)
+236.25+0.23%
the downside prevails as long as 112070 is resistance.
Our pivot point is at 112070.
Our preference: the downside prevails as long as 112070 is resistance.
Alternative scenario: above 112070, look for 113820 and 114850.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 111078 and 111098).
Supports and resistances:
114850 **
113820 *
112070 **
111390
110463 last
108390
107360 **
106320 *
105280 **
Our preference: the downside prevails as long as 112070 is resistance.
Alternative scenario: above 112070, look for 113820 and 114850.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 111078 and 111098).
Supports and resistances:
114850 **
113820 *
112070 **
111390
110463 last
108390
107360 **
106320 *
105280 **
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