Bitcoin Intraday: the downside prevails as long as 61200 is resistance
Aug 10, 2024 7:26 AM
the downside prevails as long as 61200 is resistance.
Our pivot point is at 61200.
Our preference: the downside prevails as long as 61200 is resistance.
Alternative scenario: the upside breakout of 61200, would call for 62090 and 62620.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60572 and 60567).
Supports and resistances:
62620 **
62090 *
61200 **
60850
60472 last
59380
58850 **
58320 *
57790 **
Our preference: the downside prevails as long as 61200 is resistance.
Alternative scenario: the upside breakout of 61200, would call for 62090 and 62620.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60572 and 60567).
Supports and resistances:
62620 **
62090 *
61200 **
60850
60472 last
59380
58850 **
58320 *
57790 **
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