Bitcoin Intraday: the downside prevails as long as 64900 is resistance
Jul 18, 2024 1:08 AM
the downside prevails as long as 64900 is resistance.
64900 is our pivot point.
Our preference: the downside prevails as long as 64900 is resistance.
Alternative scenario: the upside breakout of 64900, would call for 65840 and 66410.
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 64454 and 65006).
Supports and resistances:
66410 **
65840 *
64900 **
64530
64004 last
62790
62230 **
61670 *
61110 **
Our preference: the downside prevails as long as 64900 is resistance.
Alternative scenario: the upside breakout of 64900, would call for 65840 and 66410.
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 64454 and 65006).
Supports and resistances:
66410 **
65840 *
64900 **
64530
64004 last
62790
62230 **
61670 *
61110 **
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