Bitcoin Intraday: the downside prevails as long as 96220 is resistance
Apr 30, 2025 8:40 AM
the downside prevails as long as 96220 is resistance.
Our pivot point stands at 96220.
Our preference:
the downside prevails as long as 96220 is resistance.
Alternative scenario:
the upside breakout of 96220, would call for 98280 and 99500.
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 94676 and 94850).
Supports and resistances:
99500 **
98280 *
96220 **
95420
94590 last
92140
90920 **
89690 *
88470 **
Our preference:
the downside prevails as long as 96220 is resistance.
Alternative scenario:
the upside breakout of 96220, would call for 98280 and 99500.
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 94676 and 94850).
Supports and resistances:
99500 **
98280 *
96220 **
95420
94590 last
92140
90920 **
89690 *
88470 **
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