Bitcoin Intraday: the downside prevails as long as 102190 is resistance
Dec 19, 2024 1:05 AM
the downside prevails as long as 102190 is resistance.
Our pivot point stands at 102190.
Our preference:
the downside prevails as long as 102190 is resistance.
Alternative scenario:
the upside breakout of 102190, would call for 103970 and 105030.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 102352 and 103679).
Supports and resistances:
105030 **
103970 *
102190 **
101490
100620 last
98480
97420 **
96360 *
95310 **
Our preference:
the downside prevails as long as 102190 is resistance.
Alternative scenario:
the upside breakout of 102190, would call for 103970 and 105030.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 102352 and 103679).
Supports and resistances:
105030 **
103970 *
102190 **
101490
100620 last
98480
97420 **
96360 *
95310 **
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