Bitcoin Intraday: the downside prevails as long as 84280 is resistance
Bitcoin (BTC/USD)
+1051.23+1.26%
the downside prevails as long as 84280 is resistance.
Our pivot point stands at 84280.
Our preference: the downside prevails as long as 84280 is resistance.
Alternative scenario: the upside breakout of 84280, would call for 85850 and 86780.
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 83331 and 83247).
Supports and resistances:
86780 **
85850 *
84280 **
83660
83008 last
81140
80210 **
79280 *
78350 **
Our preference: the downside prevails as long as 84280 is resistance.
Alternative scenario: the upside breakout of 84280, would call for 85850 and 86780.
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 83331 and 83247).
Supports and resistances:
86780 **
85850 *
84280 **
83660
83008 last
81140
80210 **
79280 *
78350 **
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