Bitcoin Intraday: the downside prevails as long as 69750 is resistance
Bitcoin (BTC/USD)
-1250.70-1.78%
the downside prevails as long as 69750 is resistance.
Our pivot point is at 69750.
Our preference: the downside prevails as long as 69750 is resistance.
Alternative scenario: above 69750, look for 70620 and 71140.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 69756 and 69744).
Supports and resistances:
71140 **
70620 *
69750 **
69410
68864 last
67800
67290 **
66770 *
66250 **
Our preference: the downside prevails as long as 69750 is resistance.
Alternative scenario: above 69750, look for 70620 and 71140.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 69756 and 69744).
Supports and resistances:
71140 **
70620 *
69750 **
69410
68864 last
67800
67290 **
66770 *
66250 **
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