Bitcoin Intraday: the downside prevails as long as 68010 is resistance
May 18, 2024 8:02 PM
the downside prevails as long as 68010 is resistance.

Our pivot point stands at 68010.
Our preference: the downside prevails as long as 68010 is resistance.
Alternative scenario: the upside breakout of 68010, would call for 69450 and 70310.
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 66972 and 66957).
Supports and resistances:
70310 **
69450 *
68010 **
67450
66878 last
65130
64280 **
63420 *
62560 **
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