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Bitcoin Intraday: the downside prevails as long as 78160 is resistance
May 22, 2026 8:50 AM
the downside prevails as long as 78160 is resistance.
78160 is our pivot point.
Our preference:
the downside prevails as long as 78160 is resistance.
Alternative scenario:
above 78160, look for 79120 and 79690.
Comment:
the RSI is below 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 77487 and 77447).
Supports and resistances:
79690 **
79120 *
78160 **
77241 last
75990
75420 **
74850 *
Our preference:
the downside prevails as long as 78160 is resistance.
Alternative scenario:
above 78160, look for 79120 and 79690.
Comment:
the RSI is below 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 77487 and 77447).
Supports and resistances:
79690 **
79120 *
78160 **
77241 last
75990
75420 **
74850 *
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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