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Bitcoin Intraday: the downside prevails as long as 70590 is resistance
Feb 9, 2026 9:41 AM
the downside prevails as long as 70590 is resistance.
Our pivot point is at 70590.
Our preference:
the downside prevails as long as 70590 is resistance.
Alternative scenario:
above 70590, look for 71470 and 72000.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70518 and 70704).
Supports and resistances:
72000 **
71470 *
70590 **
70250
69621 last
68560
68040 **
67510 *
66990 **
Our preference:
the downside prevails as long as 70590 is resistance.
Alternative scenario:
above 70590, look for 71470 and 72000.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70518 and 70704).
Supports and resistances:
72000 **
71470 *
70590 **
70250
69621 last
68560
68040 **
67510 *
66990 **
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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