Bitcoin Intraday: as long as 103670 is support look for 108500
Dec 16, 2024 7:50 AM
as long as 103670 is support look for 108500.
Our pivot point is at 103670.
Our preference:
as long as 103670 is support look for 108500.
Alternative scenario:
the downside breakout of 103670 would call for 101820 and 100720.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 104722 and 103487).
Supports and resistances:
110700 **
109600 *
108500 **
107390
105149 last
104390
103670 **
101820 *
100720 **
Our preference:
as long as 103670 is support look for 108500.
Alternative scenario:
the downside breakout of 103670 would call for 101820 and 100720.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 104722 and 103487).
Supports and resistances:
110700 **
109600 *
108500 **
107390
105149 last
104390
103670 **
101820 *
100720 **
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