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Bitcoin Intraday: the downside prevails as long as 77750 is resistance
May 19, 2026 1:49 PM
the downside prevails as long as 77750 is resistance.
77750 is our pivot point.
Our preference:
the downside prevails as long as 77750 is resistance.
Alternative scenario:
the upside breakout of 77750, would call for 78700 and 79270.
Comment:
the RSI is below its neutrality area at 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 76843 and 76768).
Supports and resistances:
79270 **
78700 *
77750 **
76675 last
75420
74850 **
74290 *
Our preference:
the downside prevails as long as 77750 is resistance.
Alternative scenario:
the upside breakout of 77750, would call for 78700 and 79270.
Comment:
the RSI is below its neutrality area at 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 76843 and 76768).
Supports and resistances:
79270 **
78700 *
77750 **
76675 last
75420
74850 **
74290 *
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