Bitcoin Intraday: the downside prevails as long as 69360 is resistance
Oct 21, 2024 8:44 AM
the downside prevails as long as 69360 is resistance.
Our pivot point stands at 69360.
Our preference:
the downside prevails as long as 69360 is resistance.
Alternative scenario:
above 69360, look for 70410 and 71030.
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 68920 and 68694).
Supports and resistances:
71030 **
70410 *
69360 **
68950
68506 last
67250
66630 **
66010 *
65390 **
Our preference:
the downside prevails as long as 69360 is resistance.
Alternative scenario:
above 69360, look for 70410 and 71030.
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 68920 and 68694).
Supports and resistances:
71030 **
70410 *
69360 **
68950
68506 last
67250
66630 **
66010 *
65390 **
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