Bitcoin Intraday: technical rebound towards 95160 before a new drop
Jan 1, 2025 2:02 PM
technical rebound towards 95160 before a new drop.
Our pivot point stands at 95160.
Our preference:
technical rebound towards 95160 before a new drop.
Alternative scenario:
above 95160, look for 96920 and 97970.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (93426) but below its 50 period moving average (93805).
Supports and resistances:
97970 **
96920 *
95160 **
94470
93784 last
91690
90640 **
89600 *
88550 **
Our preference:
technical rebound towards 95160 before a new drop.
Alternative scenario:
above 95160, look for 96920 and 97970.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (93426) but below its 50 period moving average (93805).
Supports and resistances:
97970 **
96920 *
95160 **
94470
93784 last
91690
90640 **
89600 *
88550 **
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