Bitcoin Intraday: the downside prevails as long as 90290 is resistance

Bitcoin (BTC/USD)
+38.77+0.04%
the downside prevails as long as 90290 is resistance.
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Our pivot point is at 90290.

Our preference: the downside prevails as long as 90290 is resistance.

Alternative scenario: the upside breakout of 90290, would call for 91350 and 91990.

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 89537 and 89501).

Supports and resistances:
91990 **
91350 *
90290 **
89870
89450 last
88180
87550 **
86910 *
86280 **

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.
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