Bitcoin Intraday: the downside prevails as long as 88120 is resistance
Bitcoin (BTC/USD)
+1136.35+1.29%
the downside prevails as long as 88120 is resistance.
88120 is our pivot point.
Our preference: the downside prevails as long as 88120 is resistance.
Alternative scenario: above 88120, look for 89410 and 90170.
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 87782 and 87680).
Supports and resistances:
90170 **
89410 *
88120 **
87610
87105 last
85520
84750 **
83990 *
83220 **
Our preference: the downside prevails as long as 88120 is resistance.
Alternative scenario: above 88120, look for 89410 and 90170.
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 87782 and 87680).
Supports and resistances:
90170 **
89410 *
88120 **
87610
87105 last
85520
84750 **
83990 *
83220 **
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