Bitcoin Intraday: the downside prevails as long as 107930 is resistance
Bitcoin (BTC/USD)
-561.20-0.52%
the downside prevails as long as 107930 is resistance.
Our pivot point is at 107930.
Our preference: the downside prevails as long as 107930 is resistance.
Alternative scenario: the upside breakout of 107930, would call for 109190 and 109940.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 107094 and 107345).
Supports and resistances:
109940 **
109190 *
107930 **
107440
106821 last
105320
104570 **
103830 *
103080 **
Our preference: the downside prevails as long as 107930 is resistance.
Alternative scenario: the upside breakout of 107930, would call for 109190 and 109940.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 107094 and 107345).
Supports and resistances:
109940 **
109190 *
107930 **
107440
106821 last
105320
104570 **
103830 *
103080 **
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