Bitcoin Intraday: the downside prevails as long as 63260 is resistance
Oct 8, 2024 12:05 AM
the downside prevails as long as 63260 is resistance.
Our pivot point is at 63260.
Our preference:
the downside prevails as long as 63260 is resistance.
Alternative scenario:
the upside breakout of 63260, would call for 64470 and 65190.
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 63234 and 63329).
Supports and resistances:
65190 **
64470 *
63260 **
62790
62302 last
60790
60070 **
59350 *
58630 **
Our preference:
the downside prevails as long as 63260 is resistance.
Alternative scenario:
the upside breakout of 63260, would call for 64470 and 65190.
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 63234 and 63329).
Supports and resistances:
65190 **
64470 *
63260 **
62790
62302 last
60790
60070 **
59350 *
58630 **
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