Bitcoin Intraday: under pressure below 58750
Aug 16, 2024 1:02 PM
under pressure below 58750.

Our pivot point is at 58750.
Our preference: under pressure below 58750.
Alternative scenario: the upside breakout of 58750, would call for 59880 and 60550.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58299 and 58236).
Supports and resistances:
60550 **
59880 *
58750 **
58310
57865 last
56520
55850 **
55180 *
54510 **
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