Bitcoin Intraday: the downside prevails as long as 88090 is resistance
Bitcoin (BTC/USD)
-148.06-0.17%
the downside prevails as long as 88090 is resistance.
Our pivot point is at 88090.
Our preference: the downside prevails as long as 88090 is resistance.
Alternative scenario: the upside breakout of 88090, would call for 89430 and 90220.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 87190 and 87247).
Supports and resistances:
90220 **
89430 *
88090 **
87560
87031 last
84990
84200 **
83410 *
82610 **
Our preference: the downside prevails as long as 88090 is resistance.
Alternative scenario: the upside breakout of 88090, would call for 89430 and 90220.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 87190 and 87247).
Supports and resistances:
90220 **
89430 *
88090 **
87560
87031 last
84990
84200 **
83410 *
82610 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
