BTC may fall 1179.00 - 1759.00 USD

Our preference

The downside prevails as long as 77850 is resistance.

79,430.00 Resistance...…

78,840.00 Resistance

77,850.00 Resistance .

77,019.00 Last

77,850.00 Pivot

75,840.00 Support.

75,260.00 Support..

74,670.00 Support...

Comment

The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 77821 and 77997).

Alternative scenario

The upside breakout of 77850, would call for 78840 and 79430.

$BTC

BTC
BTCUSDT
77,256.4
+3.34%

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