Bitcoin Intraday: the downside prevails as long as 58050 is resistance
Jul 12, 2024 1:14 AM
the downside prevails as long as 58050 is resistance.
Our pivot point stands at 58050.
Our preference: the downside prevails as long as 58050 is resistance.
Alternative scenario: the upside breakout of 58050, would call for 58920 and 59440.
Comment: the RSI is below its neutrality area at 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 57553 and 57867).
Supports and resistances:
59440 **
58920 *
58050 **
57710
57371 last
56320
55800 **
55290 *
54770 **
Our preference: the downside prevails as long as 58050 is resistance.
Alternative scenario: the upside breakout of 58050, would call for 58920 and 59440.
Comment: the RSI is below its neutrality area at 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 57553 and 57867).
Supports and resistances:
59440 **
58920 *
58050 **
57710
57371 last
56320
55800 **
55290 *
54770 **
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