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Bitcoin Intraday: the downside prevails as long as 69700 is resistance
Apr 7, 2026 2:04 AM
the downside prevails as long as 69700 is resistance.
69700 is our pivot point.
Our preference:
the downside prevails as long as 69700 is resistance.
Alternative scenario:
above 69700, look for 71310 and 72260.
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 is trading under both its 20 and 50 period moving average (respectively at 69307 and 69344).
Supports and resistances:
72260 **
71310 *
69700 **
68405 last
66460
65510 **
64550 *
Our preference:
the downside prevails as long as 69700 is resistance.
Alternative scenario:
above 69700, look for 71310 and 72260.
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 is trading under both its 20 and 50 period moving average (respectively at 69307 and 69344).
Supports and resistances:
72260 **
71310 *
69700 **
68405 last
66460
65510 **
64550 *
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