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Bitcoin Intraday: the downside prevails as long as 68990 is resistance
Mar 4, 2026 5:04 AM
the downside prevails as long as 68990 is resistance.
Our pivot point is at 68990.
Our preference:
the downside prevails as long as 68990 is resistance.
Alternative scenario:
the upside breakout of 68990, would call for 70520 and 71430.
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 68141 and 67827).
Supports and resistances:
71430 **
70520 *
68990 **
68400
67749 last
65930
65020 **
64120 *
63210 **
Our preference:
the downside prevails as long as 68990 is resistance.
Alternative scenario:
the upside breakout of 68990, would call for 70520 and 71430.
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 68141 and 67827).
Supports and resistances:
71430 **
70520 *
68990 **
68400
67749 last
65930
65020 **
64120 *
63210 **
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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