Bitcoin Intraday: the downside prevails as long as 106990 is resistance
Bitcoin (BTC/USD)
-582.63-0.55%
the downside prevails as long as 106990 is resistance.
Our pivot point stands at 106990.
Our preference: the downside prevails as long as 106990 is resistance.
Alternative scenario: the upside breakout of 106990, would call for 108630 and 109610.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 105936 and 105790).
Supports and resistances:
109610 **
108630 *
106990 **
106350
105703 last
103750
102770 **
101790 *
100820 **
Our preference: the downside prevails as long as 106990 is resistance.
Alternative scenario: the upside breakout of 106990, would call for 108630 and 109610.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 105936 and 105790).
Supports and resistances:
109610 **
108630 *
106990 **
106350
105703 last
103750
102770 **
101790 *
100820 **
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