Bitcoin Intraday: the downside prevails as long as 89120 is resistance
Bitcoin (BTC/USD)
+249.96+0.28%
the downside prevails as long as 89120 is resistance.
89120 is our pivot point.
Our preference: the downside prevails as long as 89120 is resistance.
Alternative scenario: above 89120, look for 90420 and 91200.
Comment: the RSI is below its neutrality area at 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 88135 and 88165).
Supports and resistances:
91200 **
90420 *
89120 **
88610
88085 last
86530
85760 **
84980 *
84200 **
Our preference: the downside prevails as long as 89120 is resistance.
Alternative scenario: above 89120, look for 90420 and 91200.
Comment: the RSI is below its neutrality area at 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 88135 and 88165).
Supports and resistances:
91200 **
90420 *
89120 **
88610
88085 last
86530
85760 **
84980 *
84200 **
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.
