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Bitcoin Intraday: the downside prevails as long as 71960 is resistance
Apr 9, 2026 12:04 AM
the downside prevails as long as 71960 is resistance.
71960 is our pivot point.
Our preference:
the downside prevails as long as 71960 is resistance.
Alternative scenario:
the upside breakout of 71960, would call for 73060 and 73720.
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 71320 and 71534).
Supports and resistances:
73720 **
73060 *
71960 **
71031 last
69700
69040 **
68380 *
Our preference:
the downside prevails as long as 71960 is resistance.
Alternative scenario:
the upside breakout of 71960, would call for 73060 and 73720.
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 71320 and 71534).
Supports and resistances:
73720 **
73060 *
71960 **
71031 last
69700
69040 **
68380 *
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