Bitcoin Intraday: the downside prevails as long as 68550 is resistance
Jun 13, 2024 5:23 AM
the downside prevails as long as 68550 is resistance.
Our pivot point stands at 68550.
Our preference: the downside prevails as long as 68550 is resistance.
Alternative scenario: the upside breakout of 68550, would call for 69690 and 70370.
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 68027 and 68251).
Supports and resistances:
70370 **
69690 *
68550 **
68110
67585 last
66220
65550 **
64870 *
64190 **
Our preference: the downside prevails as long as 68550 is resistance.
Alternative scenario: the upside breakout of 68550, would call for 69690 and 70370.
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 68027 and 68251).
Supports and resistances:
70370 **
69690 *
68550 **
68110
67585 last
66220
65550 **
64870 *
64190 **
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