Bitcoin Intraday: The downside prevails as long as 65,226 is resistance
Bitcoin (BTC/USD)
+306.66+0.47%
The downside prevails as long as 65,226 is resistance, with 63,482 and 63,037 as targets
Our pivot point is at 65,226.
Our preference: The downside prevails as long as 65,226 is resistance, with 63,482 and 63,037 as targets
Alternative scenario: above 65,226, look for 65,977 and 66,424.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 65,060 and 65,005). The Bitcoin / USD is trading below its lower Bollinger band (standing at 64,524).
Supports and resistances:
66,424 **
65,977 *
65,226 **
64,483 last
63,482
63,037 **
62,592 *
Our preference: The downside prevails as long as 65,226 is resistance, with 63,482 and 63,037 as targets
Alternative scenario: above 65,226, look for 65,977 and 66,424.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 65,060 and 65,005). The Bitcoin / USD is trading below its lower Bollinger band (standing at 64,524).
Supports and resistances:
66,424 **
65,977 *
65,226 **
64,483 last
63,482
63,037 **
62,592 *
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