Bitcoin Intraday: the downside prevails as long as 59860 is resistance
Bitcoin (BTC/USD)
-1950.02-3.24%
the downside prevails as long as 59860 is resistance.
Our pivot point stands at 59860.
Our preference: the downside prevails as long as 59860 is resistance.
Alternative scenario: the upside breakout of 59860, would call for 60590 and 61030.
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 stands below its 20 and 50 period moving average (respectively at 59505 and 59806).
Supports and resistances:
61030 **
60590 *
59860 **
59269 last
58330
57900 **
57460 *
Our preference: the downside prevails as long as 59860 is resistance.
Alternative scenario: the upside breakout of 59860, would call for 60590 and 61030.
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 stands below its 20 and 50 period moving average (respectively at 59505 and 59806).
Supports and resistances:
61030 **
60590 *
59860 **
59269 last
58330
57900 **
57460 *
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