Bitcoin Intraday: the downside prevails as long as 65020 is resistance
Aug 26, 2024 6:49 AM
the downside prevails as long as 65020 is resistance.
Our pivot point stands at 65020.
Our preference:
the downside prevails as long as 65020 is resistance.
Alternative scenario:
the upside breakout of 65020, would call for 66310 and 67070.
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 64182 and 64107).
Supports and resistances:
67070 **
66310 *
65020 **
64520
63925 last
62320
61560 **
60800 *
60040 **
Our preference:
the downside prevails as long as 65020 is resistance.
Alternative scenario:
the upside breakout of 65020, would call for 66310 and 67070.
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 64182 and 64107).
Supports and resistances:
67070 **
66310 *
65020 **
64520
63925 last
62320
61560 **
60800 *
60040 **
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