Bitcoin Intraday: rebound
Dec 31, 2024 7:50 AM
rebound.
Our pivot point is at 91360.
Our preference:
rebound.
Alternative scenario:
below 91360, expect 89640 and 88620.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (92427) but below its 50 period moving average (92946).
Supports and resistances:
97870 **
96850 *
95820 **
94800
92715 last
92040
91360 **
89640 *
88620 **
Our preference:
rebound.
Alternative scenario:
below 91360, expect 89640 and 88620.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (92427) but below its 50 period moving average (92946).
Supports and resistances:
97870 **
96850 *
95820 **
94800
92715 last
92040
91360 **
89640 *
88620 **
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