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Bitcoin Intraday: under pressure below 65110
Aug 25, 2024 6:48 AM
under pressure below 65110.
Our pivot point stands at 65110.
Our preference:
under pressure below 65110.
Alternative scenario:
the upside breakout of 65110, would call for 66400 and 67160.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 64098 and 64164).
Supports and resistances:
67160 **
66400 *
65110 **
64610
64044 last
62510
61750 **
60980 *
60220 **
Our preference:
under pressure below 65110.
Alternative scenario:
the upside breakout of 65110, would call for 66400 and 67160.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 64098 and 64164).
Supports and resistances:
67160 **
66400 *
65110 **
64610
64044 last
62510
61750 **
60980 *
60220 **
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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