Bitcoin Intraday: the downside prevails as long as 67920 is resistance
Oct 22, 2024 8:44 AM
the downside prevails as long as 67920 is resistance.
Our pivot point stands at 67920.
Our preference:
the downside prevails as long as 67920 is resistance.
Alternative scenario:
above 67920, look for 68950 and 69550.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67385 and 67599).
Supports and resistances:
69550 **
68950 *
67920 **
67520
67117 last
65670
65060 **
64460 *
63850 **
Our preference:
the downside prevails as long as 67920 is resistance.
Alternative scenario:
above 67920, look for 68950 and 69550.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67385 and 67599).
Supports and resistances:
69550 **
68950 *
67920 **
67520
67117 last
65670
65060 **
64460 *
63850 **
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