Bitcoin Intraday: the downside prevails as long as 62840 is resistance
Bitcoin (BTC/USD)
-3190.37-5.02%
the downside prevails as long as 62840 is resistance.
Our pivot point is at 62840.
Our preference: the downside prevails as long as 62840 is resistance.
Alternative scenario: the upside breakout of 62840, would call for 63560 and 63990.
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 62470 and 63061).
Supports and resistances:
63990 **
63560 *
62840 **
61704 last
60770
60350 **
59920 *
Our preference: the downside prevails as long as 62840 is resistance.
Alternative scenario: the upside breakout of 62840, would call for 63560 and 63990.
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 62470 and 63061).
Supports and resistances:
63990 **
63560 *
62840 **
61704 last
60770
60350 **
59920 *
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.
