Bitcoin Intraday: the downside prevails as long as 63590 is resistance
Oct 8, 2024 2:05 AM
the downside prevails as long as 63590 is resistance.
Our pivot point stands at 63590.
Our preference:
the downside prevails as long as 63590 is resistance.
Alternative scenario:
above 63590, look for 64810 and 65530.
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 62993 and 63273).
Supports and resistances:
65530 **
64810 *
63590 **
63110
62638 last
61170
60450 **
59730 *
59010 **
Our preference:
the downside prevails as long as 63590 is resistance.
Alternative scenario:
above 63590, look for 64810 and 65530.
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 62993 and 63273).
Supports and resistances:
65530 **
64810 *
63590 **
63110
62638 last
61170
60450 **
59730 *
59010 **
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