Bitcoin Intraday: the downside prevails as long as 73810 is resistance
Bitcoin (BTC/USD)
+455.55+0.62%
the downside prevails as long as 73810 is resistance.
Our pivot point is at 73810.
Our preference: the downside prevails as long as 73810 is resistance.
Alternative scenario: above 73810, look for 74620 and 75090.
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 is trading under both its 20 and 50 period moving average (respectively at 73461 and 73374).
Supports and resistances:
75090 **
74620 *
73810 **
73166 last
71840
71360 **
70880 *
Our preference: the downside prevails as long as 73810 is resistance.
Alternative scenario: above 73810, look for 74620 and 75090.
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 is trading under both its 20 and 50 period moving average (respectively at 73461 and 73374).
Supports and resistances:
75090 **
74620 *
73810 **
73166 last
71840
71360 **
70880 *
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.
