Bitcoin Intraday: the downside prevails as long as 68270 is resistance
Bitcoin (BTC/USD)
-1930.06-2.81%
the downside prevails as long as 68270 is resistance.
Our pivot point stands at 68270.
Our preference: the downside prevails as long as 68270 is resistance.
Alternative scenario: the upside breakout of 68270, would call for 69670 and 70510.
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 68135 and 68642).
Supports and resistances:
70510 **
69670 *
68270 **
67720
67132 last
65260
64430 **
63600 *
62760 **
Our preference: the downside prevails as long as 68270 is resistance.
Alternative scenario: the upside breakout of 68270, would call for 69670 and 70510.
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 68135 and 68642).
Supports and resistances:
70510 **
69670 *
68270 **
67720
67132 last
65260
64430 **
63600 *
62760 **
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