Bitcoin Intraday: the downside prevails as long as 87790 is resistance
Bitcoin (BTC/USD)
-318.12-0.36%
the downside prevails as long as 87790 is resistance.
Our pivot point is at 87790.
Our preference: the downside prevails as long as 87790 is resistance.
Alternative scenario: the upside breakout of 87790, would call for 89070 and 89830.
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 87105 and 87387).
Supports and resistances:
89830 **
89070 *
87790 **
87280
86708 last
85180
84420 **
83650 *
82890 **
Our preference: the downside prevails as long as 87790 is resistance.
Alternative scenario: the upside breakout of 87790, would call for 89070 and 89830.
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 87105 and 87387).
Supports and resistances:
89830 **
89070 *
87790 **
87280
86708 last
85180
84420 **
83650 *
82890 **
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