Bitcoin Intraday: the downside prevails as long as 104400 is resistance
Jun 20, 2025 7:50 PM
the downside prevails as long as 104400 is resistance.
Our pivot point stands at 104400.
Our preference:
the downside prevails as long as 104400 is resistance.
Alternative scenario:
above 104400, look for 105680 and 106440.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 104614 and 104725).
Supports and resistances:
106440 **
105680 *
104400 **
103900
103395 last
101600
100840 **
100080 *
99330 **
Our preference:
the downside prevails as long as 104400 is resistance.
Alternative scenario:
above 104400, look for 105680 and 106440.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 104614 and 104725).
Supports and resistances:
106440 **
105680 *
104400 **
103900
103395 last
101600
100840 **
100080 *
99330 **
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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