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Bitcoin Intraday: the downside prevails as long as 68990 is resistance
Mar 4, 2026 5:04 AM
the downside prevails as long as 68990 is resistance.
Our pivot point is at 68990.
Our preference:
the downside prevails as long as 68990 is resistance.
Alternative scenario:
the upside breakout of 68990, would call for 70520 and 71430.
Comment:
the RSI is below its neutrality area at 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 68141 and 67827).
Supports and resistances:
71430 **
70520 *
68990 **
68400
67749 last
65930
65020 **
64120 *
63210 **
Our preference:
the downside prevails as long as 68990 is resistance.
Alternative scenario:
the upside breakout of 68990, would call for 70520 and 71430.
Comment:
the RSI is below its neutrality area at 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 68141 and 67827).
Supports and resistances:
71430 **
70520 *
68990 **
68400
67749 last
65930
65020 **
64120 *
63210 **
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