Bitcoin Intraday: rebound
Dec 24, 2024 1:05 AM
rebound.
Our pivot point stands at 93140.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 93140 would call for 91470 and 90470.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (93780) but under its 50 period moving average (94671).
Supports and resistances:
99470 **
98480 *
97480 **
96490
94498 last
93790
93140 **
91470 *
90470 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 93140 would call for 91470 and 90470.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (93780) but under its 50 period moving average (94671).
Supports and resistances:
99470 **
98480 *
97480 **
96490
94498 last
93790
93140 **
91470 *
90470 **
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