Bitcoin Intraday: the downside prevails as long as 67950 is resistance
Oct 17, 2024 1:03 PM
the downside prevails as long as 67950 is resistance.
Our pivot point stands at 67950.
Our preference:
the downside prevails as long as 67950 is resistance.
Alternative scenario:
above 67950, look for 68970 and 69580.
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 67208 and 67512).
Supports and resistances:
69580 **
68970 *
67950 **
67550
67144 last
65930
65320 **
64710 *
64100 **
Our preference:
the downside prevails as long as 67950 is resistance.
Alternative scenario:
above 67950, look for 68970 and 69580.
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 67208 and 67512).
Supports and resistances:
69580 **
68970 *
67950 **
67550
67144 last
65930
65320 **
64710 *
64100 **
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