Bitcoin Intraday: the downside prevails as long as 99430 is resistance
Dec 26, 2024 7:50 AM
the downside prevails as long as 99430 is resistance.
Our pivot point is at 99430.
Our preference:
the downside prevails as long as 99430 is resistance.
Alternative scenario:
the upside breakout of 99430, would call for 101250 and 102330.
Comment:
the RSI is below 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 98611 and 98497).
Supports and resistances:
102330 **
101250 *
99430 **
98710
97915 last
95560
94480 **
93400 *
92320 **
Our preference:
the downside prevails as long as 99430 is resistance.
Alternative scenario:
the upside breakout of 99430, would call for 101250 and 102330.
Comment:
the RSI is below 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 98611 and 98497).
Supports and resistances:
102330 **
101250 *
99430 **
98710
97915 last
95560
94480 **
93400 *
92320 **
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