Bitcoin Intraday: the downside prevails as long as 114400 is resistance
Bitcoin (BTC/USD)
-641.29-0.57%
the downside prevails as long as 114400 is resistance.
Our pivot point is at 114400.
Our preference: the downside prevails as long as 114400 is resistance.
Alternative scenario: above 114400, look for 115520 and 116190.
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 114381 and 115227).
Supports and resistances:
116190 **
115520 *
114400 **
113960
113478 last
112030
111360 **
110700 *
110030 **
Our preference: the downside prevails as long as 114400 is resistance.
Alternative scenario: above 114400, look for 115520 and 116190.
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 114381 and 115227).
Supports and resistances:
116190 **
115520 *
114400 **
113960
113478 last
112030
111360 **
110700 *
110030 **
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