Bitcoin Intraday: the downside prevails as long as 68960 is resistance
Oct 21, 2024 1:02 PM
the downside prevails as long as 68960 is resistance.
Our pivot point is at 68960.
Our preference:
the downside prevails as long as 68960 is resistance.
Alternative scenario:
the upside breakout of 68960, would call for 70000 and 70620.
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 68531 and 68661).
Supports and resistances:
70620 **
70000 *
68960 **
68560
68122 last
66890
66270 **
65650 *
65040 **
Our preference:
the downside prevails as long as 68960 is resistance.
Alternative scenario:
the upside breakout of 68960, would call for 70000 and 70620.
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 68531 and 68661).
Supports and resistances:
70620 **
70000 *
68960 **
68560
68122 last
66890
66270 **
65650 *
65040 **
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