Bitcoin Intraday: The downside prevails as long as 64,905 is resistance
Bitcoin (BTC/USD)
-1226.73-1.89%
The downside prevails as long as 64,905 is resistance, with 63,324 and 62,909 as targets
Our pivot point is at 64,905.
Our preference: The downside prevails as long as 64,905 is resistance, with 63,324 and 62,909 as targets
Alternative scenario: above 64,905, look for 65,604 and 66,020.
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 64,923 and 65,008). The Bitcoin / USD is trading below its lower Bollinger band (standing at 64,316).
Supports and resistances:
66,020 **
65,604 *
64,905 **
64,241 last
63,324
62,909 **
62,495 *
Our preference: The downside prevails as long as 64,905 is resistance, with 63,324 and 62,909 as targets
Alternative scenario: above 64,905, look for 65,604 and 66,020.
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 64,923 and 65,008). The Bitcoin / USD is trading below its lower Bollinger band (standing at 64,316).
Supports and resistances:
66,020 **
65,604 *
64,905 **
64,241 last
63,324
62,909 **
62,495 *
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.
