Bitcoin Intraday: under pressure below 75730
Bitcoin (BTC/USD)
+439.72+0.57%
under pressure below 75730.
Our pivot point stands at 75730.
Our preference: under pressure below 75730.
Alternative scenario: above 75730, look for 76940 and 77660.
Comment: the RSI is below 50. The MACD is positive and below its signal line. 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 74865 and 74747).
Supports and resistances:
77660 **
76940 *
75730 **
74741 last
73290
72570 **
71850 *
Our preference: under pressure below 75730.
Alternative scenario: above 75730, look for 76940 and 77660.
Comment: the RSI is below 50. The MACD is positive and below its signal line. 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 74865 and 74747).
Supports and resistances:
77660 **
76940 *
75730 **
74741 last
73290
72570 **
71850 *
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