Bitcoin Intraday: the downside prevails as long as 61620 is resistance
Oct 3, 2024 12:04 AM
the downside prevails as long as 61620 is resistance.
61620 is our pivot point.
Our preference:
the downside prevails as long as 61620 is resistance.
Alternative scenario:
above 61620, look for 62790 and 63490.
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 stands below its 20 and 50 period moving average (respectively at 61035 and 61251).
Supports and resistances:
63490 **
62790 *
61620 **
61150
60644 last
59240
58540 **
57840 *
57140 **
Our preference:
the downside prevails as long as 61620 is resistance.
Alternative scenario:
above 61620, look for 62790 and 63490.
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 stands below its 20 and 50 period moving average (respectively at 61035 and 61251).
Supports and resistances:
63490 **
62790 *
61620 **
61150
60644 last
59240
58540 **
57840 *
57140 **
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