Bitcoin Intraday: the upside prevails as long as 92070 is support
Jan 10, 2025 3:08 AM
the upside prevails as long as 92070 is support.
92070 is our pivot point.
Our preference:
the upside prevails as long as 92070 is support.
Alternative scenario:
the downside breakout of 92070 would call for 90440 and 89460.
Comment:
the RSI is above 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 92577 and 93206).
Supports and resistances:
98370 **
97390 *
96420 **
95440
93486 last
92720
92070 **
90440 *
89460 **
Our preference:
the upside prevails as long as 92070 is support.
Alternative scenario:
the downside breakout of 92070 would call for 90440 and 89460.
Comment:
the RSI is above 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 92577 and 93206).
Supports and resistances:
98370 **
97390 *
96420 **
95440
93486 last
92720
92070 **
90440 *
89460 **
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