Bitcoin Intraday: the downside prevails as long as 77550 is resistance
Apr 9, 2025 12:05 AM
the downside prevails as long as 77550 is resistance.
Our pivot point stands at 77550.
Our preference:
the downside prevails as long as 77550 is resistance.
Alternative scenario:
above 77550, look for 79050 and 79940.
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 77096 and 78602).
Supports and resistances:
79940 **
79050 *
77550 **
76960
76050 last
74250
73360 **
72470 *
71580 **
Our preference:
the downside prevails as long as 77550 is resistance.
Alternative scenario:
above 77550, look for 79050 and 79940.
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 77096 and 78602).
Supports and resistances:
79940 **
79050 *
77550 **
76960
76050 last
74250
73360 **
72470 *
71580 **
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