Bitcoin Intraday: the downside prevails as long as 105530 is resistance
Bitcoin (BTC/USD)
-273.38-0.26%
the downside prevails as long as 105530 is resistance.
Our pivot point stands at 105530.
Our preference: the downside prevails as long as 105530 is resistance.
Alternative scenario: the upside breakout of 105530, would call for 107190 and 108170.
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 104788 and 104971).
Supports and resistances:
108170 **
107190 *
105530 **
104890
104236 last
102270
101280 **
100300 *
99320 **
Our preference: the downside prevails as long as 105530 is resistance.
Alternative scenario: the upside breakout of 105530, would call for 107190 and 108170.
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 104788 and 104971).
Supports and resistances:
108170 **
107190 *
105530 **
104890
104236 last
102270
101280 **
100300 *
99320 **
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