Bitcoin Intraday: target 97400
Dec 12, 2024 6:56 AM
target 97400.
Our pivot point stands at 102030.
Our preference:
target 97400.
Alternative scenario:
above 102030, look for 103790 and 104850.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (101045) but above its 50 period moving average (99947).
Supports and resistances:
104850 **
103790 *
102030 **
101330
100625 last
98450
97400 **
96350 *
95290 **
Our preference:
target 97400.
Alternative scenario:
above 102030, look for 103790 and 104850.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (101045) but above its 50 period moving average (99947).
Supports and resistances:
104850 **
103790 *
102030 **
101330
100625 last
98450
97400 **
96350 *
95290 **
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