Bitcoin Intraday: the downside prevails as long as 63800 is resistance
Oct 7, 2024 1:02 PM
the downside prevails as long as 63800 is resistance.
Our pivot point stands at 63800.
Our preference:
the downside prevails as long as 63800 is resistance.
Alternative scenario:
above 63800, look for 65020 and 65750.
Comment:
the RSI is below 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 63298 and 63008).
Supports and resistances:
65750 **
65020 *
63800 **
63330
62848 last
61400
60670 **
59950 *
59220 **
Our preference:
the downside prevails as long as 63800 is resistance.
Alternative scenario:
above 63800, look for 65020 and 65750.
Comment:
the RSI is below 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 63298 and 63008).
Supports and resistances:
65750 **
65020 *
63800 **
63330
62848 last
61400
60670 **
59950 *
59220 **
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