Bitcoin Intraday: the downside prevails as long as 89740 is resistance

Bitcoin (BTC/USD)
+689.20+0.77%
the downside prevails as long as 89740 is resistance.
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Our pivot point is at 89740.

Our preference: the downside prevails as long as 89740 is resistance.

Alternative scenario: above 89740, look for 90800 and 91430.

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 89161 and 89388).

Supports and resistances:
91430 **
90800 *
89740 **
89330
88705 last
87220
86600 **
85970 *
85340 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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