Bitcoin Intraday: the downside prevails as long as 71930 is resistance
Jun 6, 2024 7:32 AM
the downside prevails as long as 71930 is resistance.
Our pivot point is at 71930.
Our preference: the downside prevails as long as 71930 is resistance.
Alternative scenario: the upside breakout of 71930, would call for 73180 and 73920.
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 71060 and 71085).
Supports and resistances:
73920 **
73180 *
71930 **
71440
70922 last
69350
68610 **
67860 *
67120 **
Our preference: the downside prevails as long as 71930 is resistance.
Alternative scenario: the upside breakout of 71930, would call for 73180 and 73920.
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 71060 and 71085).
Supports and resistances:
73920 **
73180 *
71930 **
71440
70922 last
69350
68610 **
67860 *
67120 **
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