Bitcoin Intraday: the downside prevails as long as 67780 is resistance
Oct 23, 2024 4:05 AM
the downside prevails as long as 67780 is resistance.
Our pivot point stands at 67780.
Our preference:
the downside prevails as long as 67780 is resistance.
Alternative scenario:
above 67780, look for 68730 and 69290.
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 67318 and 67267).
Supports and resistances:
69290 **
68730 *
67780 **
67410
67041 last
65870
65310 **
64750 *
64190 **
Our preference:
the downside prevails as long as 67780 is resistance.
Alternative scenario:
above 67780, look for 68730 and 69290.
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 67318 and 67267).
Supports and resistances:
69290 **
68730 *
67780 **
67410
67041 last
65870
65310 **
64750 *
64190 **
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