Bitcoin Intraday: the downside prevails as long as 59590 is resistance
Bitcoin (BTC/USD)
+1012.38+1.70%
the downside prevails as long as 59590 is resistance.
Our pivot point is at 59590.
Our preference: the downside prevails as long as 59590 is resistance.
Alternative scenario: above 59590, look for 60340 and 60780.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59732 and 59571).
Supports and resistances:
60780 **
60340 *
59590 **
58944 last
57890
57450 **
57000 *
Our preference: the downside prevails as long as 59590 is resistance.
Alternative scenario: above 59590, look for 60340 and 60780.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59732 and 59571).
Supports and resistances:
60780 **
60340 *
59590 **
58944 last
57890
57450 **
57000 *
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