Bitcoin Intraday: the downside prevails as long as 63390 is resistance
Oct 8, 2024 6:47 AM
the downside prevails as long as 63390 is resistance.

Our pivot point stands at 63390.
Our preference:
the downside prevails as long as 63390 is resistance.
Alternative scenario:
above 63390, look for 64600 and 65320.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62624 and 63082).
Supports and resistances:
65320 **
64600 *
63390 **
62910
62435 last
60800
60080 **
59360 *
58640 **
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