Bitcoin Intraday: the downside prevails as long as 59910 is resistance
Aug 14, 2024 7:50 PM
the downside prevails as long as 59910 is resistance.
Our pivot point stands at 59910.
Our preference: the downside prevails as long as 59910 is resistance.
Alternative scenario: the upside breakout of 59910, would call for 61060 and 61750.
Comment: the RSI is below 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 59920 and 60452).
Supports and resistances:
61750 **
61060 *
59910 **
59460
59003 last
57500
56820 **
56130 *
55450 **
Our preference: the downside prevails as long as 59910 is resistance.
Alternative scenario: the upside breakout of 59910, would call for 61060 and 61750.
Comment: the RSI is below 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 59920 and 60452).
Supports and resistances:
61750 **
61060 *
59910 **
59460
59003 last
57500
56820 **
56130 *
55450 **
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