Bitcoin Intraday: the downside prevails as long as 70780 is resistance
May 22, 2024 8:12 PM
the downside prevails as long as 70780 is resistance.

Our pivot point stands at 70780.
Our preference: the downside prevails as long as 70780 is resistance.
Alternative scenario: above 70780, look for 72130 and 72930.
Comment: the RSI is below its neutrality area at 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 69921 and 69902).
Supports and resistances:
72930 **
72130 *
70780 **
70250
69677 last
68000
67200 **
66400 *
65590 **
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