Bitcoin Intraday: the downside prevails as long as 65560 is resistance
Sep 30, 2024 4:05 AM
the downside prevails as long as 65560 is resistance.
Our pivot point stands at 65560.
Our preference:
the downside prevails as long as 65560 is resistance.
Alternative scenario:
above 65560, look for 66840 and 67590.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (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 65342 and 65536).
Supports and resistances:
67590 **
66840 *
65560 **
65060
64532 last
63010
62250 **
61500 *
60740 **
Our preference:
the downside prevails as long as 65560 is resistance.
Alternative scenario:
above 65560, look for 66840 and 67590.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (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 65342 and 65536).
Supports and resistances:
67590 **
66840 *
65560 **
65060
64532 last
63010
62250 **
61500 *
60740 **
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