Bitcoin Intraday: the downside prevails as long as 61100 is resistance
Jun 28, 2024 8:47 PM
the downside prevails as long as 61100 is resistance.
Our pivot point stands at 61100.
Our preference: the downside prevails as long as 61100 is resistance.
Alternative scenario: the upside breakout of 61100, would call for 62050 and 62610.
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 61027 and 61337).
Supports and resistances:
62610 **
62050 *
61100 **
60720
60312 last
58990
58420 **
57860 *
57300 **
Our preference: the downside prevails as long as 61100 is resistance.
Alternative scenario: the upside breakout of 61100, would call for 62050 and 62610.
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 61027 and 61337).
Supports and resistances:
62610 **
62050 *
61100 **
60720
60312 last
58990
58420 **
57860 *
57300 **
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