Bitcoin Intraday: the downside prevails as long as 61730 is resistance
Oct 2, 2024 1:02 PM
the downside prevails as long as 61730 is resistance.
Our pivot point stands at 61730.
Our preference:
the downside prevails as long as 61730 is resistance.
Alternative scenario:
the upside breakout of 61730, would call for 62910 and 63610.
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 61420 and 61634).
Supports and resistances:
63610 **
62910 *
61730 **
61270
60808 last
59410
58700 **
58000 *
57300 **
Our preference:
the downside prevails as long as 61730 is resistance.
Alternative scenario:
the upside breakout of 61730, would call for 62910 and 63610.
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 61420 and 61634).
Supports and resistances:
63610 **
62910 *
61730 **
61270
60808 last
59410
58700 **
58000 *
57300 **
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