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Bitcoin Short Term: the upside prevails as long as 91630 is support

Jan 7, 2025 11:05 AM
the upside prevails as long as 91630 is support.
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Our pivot point is at 91630.
Our preference:
the upside prevails as long as 91630 is support.
Alternative scenario:
the downside breakout of 91630 would call for 79310 and 71970.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 96705 and 97705).
Supports and resistances:
139970 **
132530 *
125080 **
117640
101335 last
96480
91630 **
79310 *
71970 **
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