Bitcoin Intraday: The downside prevails as long as 80,292 is resistance
Bitcoin (BTC/USD)
-123.43-0.16%
The downside prevails as long as 80,292 is resistance, with 78,287 and 77,801 as targets
Our pivot point is at 80,292.
Our preference: The downside prevails as long as 80,292 is resistance, with 78,287 and 77,801 as targets
Alternative scenario: above 80,292, look for 81,112 and 81,600.
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 80,189 and 80,199). The Bitcoin / USD is trading below its lower Bollinger band (standing at 79,482).
Supports and resistances:
81,600 **
81,112 *
80,292 **
79,436 last
78,287
77,801 **
77,316 *
Our preference: The downside prevails as long as 80,292 is resistance, with 78,287 and 77,801 as targets
Alternative scenario: above 80,292, look for 81,112 and 81,600.
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 80,189 and 80,199). The Bitcoin / USD is trading below its lower Bollinger band (standing at 79,482).
Supports and resistances:
81,600 **
81,112 *
80,292 **
79,436 last
78,287
77,801 **
77,316 *
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