Bitcoin Intraday: the downside prevails as long as 67850 is resistance

Bitcoin (BTC/USD)
-196.01-0.29%
the downside prevails as long as 67850 is resistance.
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Our pivot point stands at 67850.

Our preference: the downside prevails as long as 67850 is resistance.

Alternative scenario: above 67850, look for 69420 and 70350.

Comment: the RSI is below 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 66881 and 66688).

Supports and resistances:
70350 **
69420 *
67850 **
66560 last
64700
63760 **
62830 *

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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