Bitcoin Intraday: the downside prevails as long as 68370 is resistance
Nov 4, 2024 8:50 PM
the downside prevails as long as 68370 is resistance.
68370 is our pivot point.
Our preference:
the downside prevails as long as 68370 is resistance.
Alternative scenario:
the upside breakout of 68370, would call for 69320 and 69890.
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 68241 and 68624).
Supports and resistances:
69890 **
69320 *
68370 **
67990
67445 last
66280
65710 **
65150 *
64580 **
Our preference:
the downside prevails as long as 68370 is resistance.
Alternative scenario:
the upside breakout of 68370, would call for 69320 and 69890.
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 68241 and 68624).
Supports and resistances:
69890 **
69320 *
68370 **
67990
67445 last
66280
65710 **
65150 *
64580 **
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