Bitcoin Intraday: the downside prevails as long as 63660 is resistance
Oct 13, 2024 6:46 AM
the downside prevails as long as 63660 is resistance.
63660 is our pivot point.
Our preference:
the downside prevails as long as 63660 is resistance.
Alternative scenario:
above 63660, look for 64610 and 65170.
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 is trading under both its 20 and 50 period moving average (respectively at 62980 and 62972).
Supports and resistances:
65170 **
64610 *
63660 **
63290
62893 last
61720
61160 **
60600 *
60030 **
Our preference:
the downside prevails as long as 63660 is resistance.
Alternative scenario:
above 63660, look for 64610 and 65170.
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 is trading under both its 20 and 50 period moving average (respectively at 62980 and 62972).
Supports and resistances:
65170 **
64610 *
63660 **
63290
62893 last
61720
61160 **
60600 *
60030 **
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