Bitcoin Intraday: rebound towards 107580
Dec 18, 2024 9:42 AM
rebound towards 107580.
102750 is our pivot point.
Our preference:
rebound towards 107580.
Alternative scenario:
the downside breakout of 102750 would call for 100910 and 99810.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 104620 and 105952).
Supports and resistances:
109780 **
108680 *
107580 **
106490
104200 last
103480
102750 **
100910 *
99810 **
Our preference:
rebound towards 107580.
Alternative scenario:
the downside breakout of 102750 would call for 100910 and 99810.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 104620 and 105952).
Supports and resistances:
109780 **
108680 *
107580 **
106490
104200 last
103480
102750 **
100910 *
99810 **
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