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Bitcoin Intraday: the downside prevails as long as 77430 is resistance
May 19, 2026 2:04 AM
the downside prevails as long as 77430 is resistance.
Our pivot point stands at 77430.
Our preference:
the downside prevails as long as 77430 is resistance.
Alternative scenario:
the upside breakout of 77430, would call for 78410 and 78990.
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 is trading under both its 20 and 50 period moving average (respectively at 76788 and 76829).
Supports and resistances:
78990 **
78410 *
77430 **
76655 last
75430
74850 **
74260 *
Our preference:
the downside prevails as long as 77430 is resistance.
Alternative scenario:
the upside breakout of 77430, would call for 78410 and 78990.
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 is trading under both its 20 and 50 period moving average (respectively at 76788 and 76829).
Supports and resistances:
78990 **
78410 *
77430 **
76655 last
75430
74850 **
74260 *
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