Bitcoin Intraday: the downside prevails as long as 90970 is resistance
Nov 18, 2025 5:04 AM
the downside prevails as long as 90970 is resistance.
Our pivot point is at 90970.
Our preference:
the downside prevails as long as 90970 is resistance.
Alternative scenario:
the upside breakout of 90970, would call for 92210 and 92940.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 91332 and 93292).
Supports and resistances:
92940 **
92210 *
90970 **
90490
89819 last
88350
87620 **
86890 *
86150 **
Our preference:
the downside prevails as long as 90970 is resistance.
Alternative scenario:
the upside breakout of 90970, would call for 92210 and 92940.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 91332 and 93292).
Supports and resistances:
92940 **
92210 *
90970 **
90490
89819 last
88350
87620 **
86890 *
86150 **
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