Bitcoin Intraday: the downside prevails as long as 69050 is resistance
Oct 20, 2024 6:46 AM
the downside prevails as long as 69050 is resistance.
Our pivot point stands at 69050.
Our preference:
the downside prevails as long as 69050 is resistance.
Alternative scenario:
above 69050, look for 70080 and 70700.
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 is trading under both its 20 and 50 period moving average (respectively at 68245 and 68237).
Supports and resistances:
70700 **
70080 *
69050 **
68640
68195 last
66960
66340 **
65730 *
65110 **
Our preference:
the downside prevails as long as 69050 is resistance.
Alternative scenario:
above 69050, look for 70080 and 70700.
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 is trading under both its 20 and 50 period moving average (respectively at 68245 and 68237).
Supports and resistances:
70700 **
70080 *
69050 **
68640
68195 last
66960
66340 **
65730 *
65110 **
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