Bitcoin Short Term: as long as 85740 is support look for 116940
Dec 3, 2024 11:05 AM
as long as 85740 is support look for 116940.
Our pivot point is at 85740.
Our preference:
as long as 85740 is support look for 116940.
Alternative scenario:
below 85740, expect 74320 and 67530.
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 above its 20 and 50 period moving average (respectively at 94377 and 80981).
Supports and resistances:
130740 **
123840 *
116940 **
110030
94725 last
90220
85740 **
74320 *
67530 **
Our preference:
as long as 85740 is support look for 116940.
Alternative scenario:
below 85740, expect 74320 and 67530.
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 above its 20 and 50 period moving average (respectively at 94377 and 80981).
Supports and resistances:
130740 **
123840 *
116940 **
110030
94725 last
90220
85740 **
74320 *
67530 **
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