Bitcoin Intraday: the downside prevails as long as 64940 is resistance

Jul 16, 2026 8:49 AM

the downside prevails as long as 64940 is resistance.

Our pivot point is at 64940.
Our preference:
the downside prevails as long as 64940 is resistance.
Alternative scenario:
the upside breakout of 64940, would call for 65760 and 66240.
Comment:
the RSI is below 50. 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 64574 and 64779).
Supports and resistances:
66240 **
65760 *
64940 **
64151 last
63100
62620 **
62130 *

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