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Bitcoin Intraday: the downside prevails as long as 70200 is resistance
Apr 7, 2026 12:04 AM
the downside prevails as long as 70200 is resistance.
70200 is our pivot point.
Our preference:
the downside prevails as long as 70200 is resistance.
Alternative scenario:
the upside breakout of 70200, would call for 71830 and 72790.
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 69552 and 69379).
Supports and resistances:
72790 **
71830 *
70200 **
68867 last
66870
65900 **
64940 *
Our preference:
the downside prevails as long as 70200 is resistance.
Alternative scenario:
the upside breakout of 70200, would call for 71830 and 72790.
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 69552 and 69379).
Supports and resistances:
72790 **
71830 *
70200 **
68867 last
66870
65900 **
64940 *
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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