Bitcoin Intraday: the downside prevails as long as 58800 is resistance
Sep 13, 2024 4:05 AM
the downside prevails as long as 58800 is resistance.
Our pivot point is at 58800.
Our preference:
the downside prevails as long as 58800 is resistance.
Alternative scenario:
above 58800, look for 60000 and 60710.
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 58079 and 58042).
Supports and resistances:
60710 **
60000 *
58800 **
58340
57867 last
56450
55740 **
55030 *
54320 **
Our preference:
the downside prevails as long as 58800 is resistance.
Alternative scenario:
above 58800, look for 60000 and 60710.
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 58079 and 58042).
Supports and resistances:
60710 **
60000 *
58800 **
58340
57867 last
56450
55740 **
55030 *
54320 **
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