Bitcoin Intraday: the downside prevails as long as 58860 is resistance
Sep 13, 2024 1:02 PM
the downside prevails as long as 58860 is resistance.
Our pivot point is at 58860.
Our preference:
the downside prevails as long as 58860 is resistance.
Alternative scenario:
the upside breakout of 58860, would call for 60050 and 60760.
Comment:
the RSI is below 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 57976 and 58002).
Supports and resistances:
60760 **
60050 *
58860 **
58390
57922 last
56500
55790 **
55080 *
54370 **
Our preference:
the downside prevails as long as 58860 is resistance.
Alternative scenario:
the upside breakout of 58860, would call for 60050 and 60760.
Comment:
the RSI is below 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 57976 and 58002).
Supports and resistances:
60760 **
60050 *
58860 **
58390
57922 last
56500
55790 **
55080 *
54370 **
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