Bitcoin Intraday: the downside prevails as long as 61280 is resistance
Oct 10, 2024 12:05 AM
the downside prevails as long as 61280 is resistance.
61280 is our pivot point.
Our preference:
the downside prevails as long as 61280 is resistance.
Alternative scenario:
the upside breakout of 61280, would call for 62190 and 62730.
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 61183 and 61788).
Supports and resistances:
62730 **
62190 *
61280 **
60920
60557 last
59470
58930 **
58380 *
57840 **
Our preference:
the downside prevails as long as 61280 is resistance.
Alternative scenario:
the upside breakout of 61280, would call for 62190 and 62730.
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 61183 and 61788).
Supports and resistances:
62730 **
62190 *
61280 **
60920
60557 last
59470
58930 **
58380 *
57840 **
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