Bitcoin Intraday: the downside prevails as long as 69400 is resistance

Bitcoin (BTC/USD)
-1395.07-2.00%
the downside prevails as long as 69400 is resistance.
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Our pivot point stands at 69400.

Our preference: the downside prevails as long as 69400 is resistance.

Alternative scenario: the upside breakout of 69400, would call for 70470 and 71100.

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 68615 and 69050).

Supports and resistances:
71100 **
70470 *
69400 **
68252 last
66990
66360 **
65720 *

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