Bitcoin Intraday: the downside prevails as long as 102000 is resistance
Dec 19, 2024 3:05 AM
the downside prevails as long as 102000 is resistance.
Our pivot point stands at 102000.
Our preference:
the downside prevails as long as 102000 is resistance.
Alternative scenario:
the upside breakout of 102000, would call for 103770 and 104830.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 101482 and 103195).
Supports and resistances:
104830 **
103770 *
102000 **
101300
100427 last
98250
97200 **
96140 *
95080 **
Our preference:
the downside prevails as long as 102000 is resistance.
Alternative scenario:
the upside breakout of 102000, would call for 103770 and 104830.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 101482 and 103195).
Supports and resistances:
104830 **
103770 *
102000 **
101300
100427 last
98250
97200 **
96140 *
95080 **
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