Bitcoin Intraday: the downside prevails as long as 79620 is resistance
Apr 7, 2025 12:05 AM
the downside prevails as long as 79620 is resistance.
Our pivot point stands at 79620.
Our preference:
the downside prevails as long as 79620 is resistance.
Alternative scenario:
above 79620, look for 81130 and 82040.
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 79951 and 81829).
Supports and resistances:
82040 **
81130 *
79620 **
79030
78211 last
76410
75520 **
74620 *
73720 **
Our preference:
the downside prevails as long as 79620 is resistance.
Alternative scenario:
above 79620, look for 81130 and 82040.
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 79951 and 81829).
Supports and resistances:
82040 **
81130 *
79620 **
79030
78211 last
76410
75520 **
74620 *
73720 **
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