Bitcoin Intraday: the downside prevails as long as 63630 is resistance
May 14, 2024 5:12 AM
the downside prevails as long as 63630 is resistance.

Our pivot point is at 63630.
Our preference: the downside prevails as long as 63630 is resistance.
Alternative scenario: above 63630, look for 64980 and 65780.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62792 and 62573).
Supports and resistances:
65780 **
64980 *
63630 **
63100
62452 last
60850
60050 **
59250 *
58450 **
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