Bitcoin Intraday: the downside prevails as long as 81570 is resistance
Bitcoin (BTC/USD)
-2185.86-2.69%
the downside prevails as long as 81570 is resistance.
81570 is our pivot point.
Our preference: the downside prevails as long as 81570 is resistance.
Alternative scenario: the upside breakout of 81570, would call for 82600 and 83220.
Comment: the RSI is below 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 80795 and 80844).
Supports and resistances:
83220 **
82600 *
81570 **
80747 last
79230
78610 **
78000 *
Our preference: the downside prevails as long as 81570 is resistance.
Alternative scenario: the upside breakout of 81570, would call for 82600 and 83220.
Comment: the RSI is below 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 80795 and 80844).
Supports and resistances:
83220 **
82600 *
81570 **
80747 last
79230
78610 **
78000 *
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