Bitcoin Intraday: the downside prevails as long as 63000 is resistance
Oct 1, 2024 7:50 PM
the downside prevails as long as 63000 is resistance.
Our pivot point is at 63000.
Our preference:
the downside prevails as long as 63000 is resistance.
Alternative scenario:
the upside breakout of 63000, would call for 64210 and 64920.
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 62792 and 63315).
Supports and resistances:
64920 **
64210 *
63000 **
62530
61822 last
60400
59680 **
58970 *
58260 **
Our preference:
the downside prevails as long as 63000 is resistance.
Alternative scenario:
the upside breakout of 63000, would call for 64210 and 64920.
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 62792 and 63315).
Supports and resistances:
64920 **
64210 *
63000 **
62530
61822 last
60400
59680 **
58970 *
58260 **
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