Bitcoin Intraday: rebound towards 98950
Jan 8, 2025 9:43 AM
rebound towards 98950.
94380 is our pivot point.
Our preference:
rebound towards 98950.
Alternative scenario:
the downside breakout of 94380 would call for 92700 and 91700.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96337 and 97732).
Supports and resistances:
100950 **
99950 *
98950 **
97940
95714 last
95040
94380 **
92700 *
91700 **
Our preference:
rebound towards 98950.
Alternative scenario:
the downside breakout of 94380 would call for 92700 and 91700.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96337 and 97732).
Supports and resistances:
100950 **
99950 *
98950 **
97940
95714 last
95040
94380 **
92700 *
91700 **
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