Bitcoin Intraday: the downside prevails as long as 71870 is resistance
Bitcoin (BTC/USD)
-627.41-0.82%
the downside prevails as long as 71870 is resistance.
Our pivot point is at 71870.
Our preference: the downside prevails as long as 71870 is resistance.
Alternative scenario: the upside breakout of 71870, would call for 72970 and 73630.
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 71086 and 71400).
Supports and resistances:
73630 **
72970 *
71870 **
70991 last
69400
68750 **
68100 *
Our preference: the downside prevails as long as 71870 is resistance.
Alternative scenario: the upside breakout of 71870, would call for 72970 and 73630.
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 71086 and 71400).
Supports and resistances:
73630 **
72970 *
71870 **
70991 last
69400
68750 **
68100 *
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