Bitcoin Intraday: the downside prevails as long as 63430 is resistance
Aug 27, 2024 1:02 PM
the downside prevails as long as 63430 is resistance.

63430 is our pivot point.
Our preference:
the downside prevails as long as 63430 is resistance.
Alternative scenario:
the upside breakout of 63430, would call for 64690 and 65450.
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 stands below its 20 and 50 period moving average (respectively at 62736 and 63084).
Supports and resistances:
65450 **
64690 *
63430 **
62930
62434 last
60930
60170 **
59420 *
58670 **
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