Bitcoin Short Term: as long as 98980 is support look for 124200
Jun 17, 2025 10:05 AM
as long as 98980 is support look for 124200.
Our pivot point is at 98980.
Our preference:
as long as 98980 is support look for 124200.
Alternative scenario:
the downside breakout of 98980 would call for 89890 and 84480.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105935 and 104126).
Supports and resistances:
135190 **
129700 *
124200 **
118710
106191 last
102550
98980 **
89890 *
84480 **
Our preference:
as long as 98980 is support look for 124200.
Alternative scenario:
the downside breakout of 98980 would call for 89890 and 84480.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105935 and 104126).
Supports and resistances:
135190 **
129700 *
124200 **
118710
106191 last
102550
98980 **
89890 *
84480 **
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