Bitcoin Intraday: the downside prevails as long as 70890 is resistance
May 22, 2024 4:59 AM
the downside prevails as long as 70890 is resistance.
Our pivot point stands at 70890.
Our preference: the downside prevails as long as 70890 is resistance.
Alternative scenario: above 70890, look for 72250 and 73050.
Comment: the RSI is below 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 69913 and 70364).
Supports and resistances:
73050 **
72250 *
70890 **
70360
69815 last
68170
67370 **
66560 *
65760 **
Our preference: the downside prevails as long as 70890 is resistance.
Alternative scenario: above 70890, look for 72250 and 73050.
Comment: the RSI is below 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 69913 and 70364).
Supports and resistances:
73050 **
72250 *
70890 **
70360
69815 last
68170
67370 **
66560 *
65760 **
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