Bitcoin Short Term: bullish bias above 87000
Dec 30, 2024 8:32 AM
long positions above 87000 with targets at 108000 & 112700 in extension.
Pivot: 87000
Our preference:
long positions above 87000 with targets at 108000 & 112700 in extension.
Alternative scenario:
below 87000 look for further downside with 80000 & 74000 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
123680
112700
108000
93671 Last
87000
80000
74000
Our preference:
long positions above 87000 with targets at 108000 & 112700 in extension.
Alternative scenario:
below 87000 look for further downside with 80000 & 74000 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
123680
112700
108000
93671 Last
87000
80000
74000
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