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Bitcoin Intraday: the downside prevails as long as 69550 is resistance
May 27, 2024 7:14 AM
the downside prevails as long as 69550 is resistance.
Our pivot point is at 69550.
Our preference: the downside prevails as long as 69550 is resistance.
Alternative scenario: above 69550, look for 70880 and 71670.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 68673 and 68858).
Supports and resistances:
71670 **
70880 *
69550 **
69030
68380 last
66800
66010 **
65220 *
64430 **
Our preference: the downside prevails as long as 69550 is resistance.
Alternative scenario: above 69550, look for 70880 and 71670.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 68673 and 68858).
Supports and resistances:
71670 **
70880 *
69550 **
69030
68380 last
66800
66010 **
65220 *
64430 **
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