Bitcoin Intraday: the downside prevails as long as 77940 is resistance
Apr 9, 2025 1:02 PM
the downside prevails as long as 77940 is resistance.
Our pivot point stands at 77940.
Our preference:
the downside prevails as long as 77940 is resistance.
Alternative scenario:
the upside breakout of 77940, would call for 79440 and 80340.
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 76759 and 77019).
Supports and resistances:
80340 **
79440 *
77940 **
77340
76751 last
74960
74060 **
73160 *
72260 **
Our preference:
the downside prevails as long as 77940 is resistance.
Alternative scenario:
the upside breakout of 77940, would call for 79440 and 80340.
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 76759 and 77019).
Supports and resistances:
80340 **
79440 *
77940 **
77340
76751 last
74960
74060 **
73160 *
72260 **
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