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Bitcoin Intraday: the downside prevails as long as 67980 is resistance
Oct 23, 2024 6:46 AM
the downside prevails as long as 67980 is resistance.
67980 is our pivot point.
Our preference:
the downside prevails as long as 67980 is resistance.
Alternative scenario:
above 67980, look for 68930 and 69490.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67235 and 67234).
Supports and resistances:
69490 **
68930 *
67980 **
67610
67122 last
66000
65430 **
64870 *
64310 **
Our preference:
the downside prevails as long as 67980 is resistance.
Alternative scenario:
above 67980, look for 68930 and 69490.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67235 and 67234).
Supports and resistances:
69490 **
68930 *
67980 **
67610
67122 last
66000
65430 **
64870 *
64310 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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