Bitcoin Intraday: the downside prevails as long as 73950 is resistance
Bitcoin (BTC/USD)
-820.37-1.11%
the downside prevails as long as 73950 is resistance.
Our pivot point is at 73950.
Our preference: the downside prevails as long as 73950 is resistance.
Alternative scenario: above 73950, look for 74760 and 75240.
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 73582 and 73657).
Supports and resistances:
75240 **
74760 *
73950 **
73300 last
72260
71780 **
71300 *
Our preference: the downside prevails as long as 73950 is resistance.
Alternative scenario: above 73950, look for 74760 and 75240.
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 73582 and 73657).
Supports and resistances:
75240 **
74760 *
73950 **
73300 last
72260
71780 **
71300 *
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