Bitcoin Intraday: the downside prevails as long as 59250 is resistance
Bitcoin (BTC/USD)
-81.93-0.14%
the downside prevails as long as 59250 is resistance.
Our pivot point stands at 59250.
Our preference: the downside prevails as long as 59250 is resistance.
Alternative scenario: the upside breakout of 59250, would call for 59980 and 60410.
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 58819 and 58679).
Supports and resistances:
60410 **
59980 *
59250 **
58577 last
57690
57260 **
56830 *
Our preference: the downside prevails as long as 59250 is resistance.
Alternative scenario: the upside breakout of 59250, would call for 59980 and 60410.
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 58819 and 58679).
Supports and resistances:
60410 **
59980 *
59250 **
58577 last
57690
57260 **
56830 *
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