Bitcoin Intraday: under pressure below 73830
Bitcoin (BTC/USD)
-811.32-1.11%
under pressure below 73830.
Our pivot point is at 73830.
Our preference: under pressure below 73830.
Alternative scenario: the upside breakout of 73830, would call for 75460 and 76440.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 72651 and 72288).
Supports and resistances:
76440 **
75460 *
73830 **
73190
72215 last
70280
69310 **
68340 *
67370 **
Our preference: under pressure below 73830.
Alternative scenario: the upside breakout of 73830, would call for 75460 and 76440.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 72651 and 72288).
Supports and resistances:
76440 **
75460 *
73830 **
73190
72215 last
70280
69310 **
68340 *
67370 **
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