Bitcoin Intraday: the downside prevails as long as 68390 is resistance
Jun 13, 2024 8:32 AM
the downside prevails as long as 68390 is resistance.
Our pivot point stands at 68390.
Our preference: the downside prevails as long as 68390 is resistance.
Alternative scenario: above 68390, look for 69520 and 70200.
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 67917 and 68258).
Supports and resistances:
70200 **
69520 *
68390 **
67940
67494 last
66000
65330 **
64660 *
63980 **
Our preference: the downside prevails as long as 68390 is resistance.
Alternative scenario: above 68390, look for 69520 and 70200.
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 67917 and 68258).
Supports and resistances:
70200 **
69520 *
68390 **
67940
67494 last
66000
65330 **
64660 *
63980 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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