Bitcoin Intraday: the downside prevails as long as 58440 is resistance
Aug 16, 2024 12:06 AM
the downside prevails as long as 58440 is resistance.

Our pivot point stands at 58440.
Our preference: the downside prevails as long as 58440 is resistance.
Alternative scenario: above 58440, look for 59560 and 60220.
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 58133 and 58382).
Supports and resistances:
60220 **
59560 *
58440 **
58000
57534 last
56170
55500 **
54830 *
54170 **
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