Bitcoin Intraday: the downside prevails as long as 63620 is resistance
May 8, 2024 02:35
Bitcoin (BTC/USD)
-604.01-0.90%
the downside prevails as long as 63620 is resistance.
Our pivot point is at 63620.
Our preference: the downside prevails as long as 63620 is resistance.
Alternative scenario: above 63620, look for 64970 and 65770.
Comment: the RSI is below 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 62905 and 63378).
Supports and resistances:
65770 **
64970 *
63620 **
63080
62536 last
60900
60100 **
59300 *
58490 **
Our preference: the downside prevails as long as 63620 is resistance.
Alternative scenario: above 63620, look for 64970 and 65770.
Comment: the RSI is below 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 62905 and 63378).
Supports and resistances:
65770 **
64970 *
63620 **
63080
62536 last
60900
60100 **
59300 *
58490 **
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