Bitcoin Intraday: the downside prevails as long as 72790 is resistance
Oct 30, 2024 2:02 PM
the downside prevails as long as 72790 is resistance.
Our pivot point is at 72790.
Our preference:
the downside prevails as long as 72790 is resistance.
Alternative scenario:
the upside breakout of 72790, would call for 73800 and 74410.
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 stands below its 20 and 50 period moving average (respectively at 72199 and 72293).
Supports and resistances:
74410 **
73800 *
72790 **
72390
71953 last
70740
70140 **
69530 *
68930 **
Our preference:
the downside prevails as long as 72790 is resistance.
Alternative scenario:
the upside breakout of 72790, would call for 73800 and 74410.
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 stands below its 20 and 50 period moving average (respectively at 72199 and 72293).
Supports and resistances:
74410 **
73800 *
72790 **
72390
71953 last
70740
70140 **
69530 *
68930 **
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