Bitcoin Intraday: the downside prevails as long as 62830 is resistance
Bitcoin (BTC/USD)
+704.14+0.73%
the downside prevails as long as 62830 is resistance.
Our pivot point is at 62830.
Our preference: the downside prevails as long as 62830 is resistance.
Alternative scenario: the upside breakout of 62830, would call for 64030 and 64740.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62094 and 62119).
Supports and resistances:
64740 **
64030 *
62830 **
62360
61800 last
60370
59660 **
58950 *
58240 **
Our preference: the downside prevails as long as 62830 is resistance.
Alternative scenario: the upside breakout of 62830, would call for 64030 and 64740.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62094 and 62119).
Supports and resistances:
64740 **
64030 *
62830 **
62360
61800 last
60370
59660 **
58950 *
58240 **
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