Bitcoin Intraday: the downside prevails as long as 99120 is resistance
Dec 21, 2024 8:50 PM
the downside prevails as long as 99120 is resistance.
Our pivot point stands at 99120.
Our preference:
the downside prevails as long as 99120 is resistance.
Alternative scenario:
above 99120, look for 100850 and 101880.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97415 and 97606).
Supports and resistances:
101880 **
100850 *
99120 **
98440
97394 last
95310
94290 **
93270 *
92240 **
Our preference:
the downside prevails as long as 99120 is resistance.
Alternative scenario:
above 99120, look for 100850 and 101880.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97415 and 97606).
Supports and resistances:
101880 **
100850 *
99120 **
98440
97394 last
95310
94290 **
93270 *
92240 **
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