Bitcoin Intraday: the upside prevails as long as 97770 is support
Jan 6, 2025 7:54 AM
the upside prevails as long as 97770 is support.
Our pivot point stands at 97770.
Our preference:
the upside prevails as long as 97770 is support.
Alternative scenario:
the downside breakout of 97770 would call for 95910 and 94800.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98913 and 98308).
Supports and resistances:
104860 **
103750 *
102640 **
101530
99300 last
98500
97770 **
95910 *
94800 **
Our preference:
the upside prevails as long as 97770 is support.
Alternative scenario:
the downside breakout of 97770 would call for 95910 and 94800.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98913 and 98308).
Supports and resistances:
104860 **
103750 *
102640 **
101530
99300 last
98500
97770 **
95910 *
94800 **
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