Bitcoin Intraday: the downside prevails as long as 111800 is resistance
Bitcoin (BTC/USD)
+99.58+0.09%
the downside prevails as long as 111800 is resistance.
111800 is our pivot point.
Our preference: the downside prevails as long as 111800 is resistance.
Alternative scenario: the upside breakout of 111800, would call for 112990 and 113700.
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 stands below its 20 and 50 period moving average (respectively at 111103 and 111002).
Supports and resistances:
113700 **
112990 *
111800 **
111330
110868 last
109450
108740 **
108040 *
107330 **
Our preference: the downside prevails as long as 111800 is resistance.
Alternative scenario: the upside breakout of 111800, would call for 112990 and 113700.
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 stands below its 20 and 50 period moving average (respectively at 111103 and 111002).
Supports and resistances:
113700 **
112990 *
111800 **
111330
110868 last
109450
108740 **
108040 *
107330 **
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