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Bitcoin Intraday: the downside prevails as long as 64390 is resistance
Feb 24, 2026 5:04 AM
the downside prevails as long as 64390 is resistance.
Our pivot point is at 64390.
Our preference:
the downside prevails as long as 64390 is resistance.
Alternative scenario:
above 64390, look for 65710 and 66500.
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 64229 and 65067).
Supports and resistances:
66500 **
65710 *
64390 **
63860
63285 last
61710
60920 **
60130 *
59340 **
Our preference:
the downside prevails as long as 64390 is resistance.
Alternative scenario:
above 64390, look for 65710 and 66500.
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 64229 and 65067).
Supports and resistances:
66500 **
65710 *
64390 **
63860
63285 last
61710
60920 **
60130 *
59340 **
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