Bitcoin Intraday: the downside prevails as long as 97820 is resistance
Dec 22, 2024 7:50 AM
the downside prevails as long as 97820 is resistance.
Our pivot point is at 97820.
Our preference:
the downside prevails as long as 97820 is resistance.
Alternative scenario:
the upside breakout of 97820, would call for 99520 and 100540.
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 96783 and 97336).
Supports and resistances:
100540 **
99520 *
97820 **
97150
96154 last
94060
93050 **
92040 *
91030 **
Our preference:
the downside prevails as long as 97820 is resistance.
Alternative scenario:
the upside breakout of 97820, would call for 99520 and 100540.
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 96783 and 97336).
Supports and resistances:
100540 **
99520 *
97820 **
97150
96154 last
94060
93050 **
92040 *
91030 **
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