Bitcoin Intraday: the upside prevails as long as 96700 is support
Jan 5, 2025 8:53 PM
the upside prevails as long as 96700 is support.
96700 is our pivot point.
Our preference:
the upside prevails as long as 96700 is support.
Alternative scenario:
below 96700, expect 94860 and 93760.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 97867 and 98056).
Supports and resistances:
103960 **
102870 *
101770 **
100670
98214 last
97420
96700 **
94860 *
93760 **
Our preference:
the upside prevails as long as 96700 is support.
Alternative scenario:
below 96700, expect 94860 and 93760.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 97867 and 98056).
Supports and resistances:
103960 **
102870 *
101770 **
100670
98214 last
97420
96700 **
94860 *
93760 **
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