Bitcoin Intraday: target 93480
Jan 3, 2025 1:05 AM
target 93480.
Our pivot point is at 98170.
Our preference:
target 93480.
Alternative scenario:
the upside breakout of 98170, would call for 99980 and 101060.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (96974) but above its 50 period moving average (96279).
Supports and resistances:
101060 **
99980 *
98170 **
97450
96714 last
94560
93480 **
92400 *
91320 **
Our preference:
target 93480.
Alternative scenario:
the upside breakout of 98170, would call for 99980 and 101060.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (96974) but above its 50 period moving average (96279).
Supports and resistances:
101060 **
99980 *
98170 **
97450
96714 last
94560
93480 **
92400 *
91320 **
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