Bitcoin Intraday: the downside prevails as long as 95630 is resistance
Jan 12, 2025 7:50 AM
the downside prevails as long as 95630 is resistance.
Our pivot point stands at 95630.
Our preference:
the downside prevails as long as 95630 is resistance.
Alternative scenario:
the upside breakout of 95630, would call for 97290 and 98270.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94485 and 94415).
Supports and resistances:
98270 **
97290 *
95630 **
94980
94280 last
92310
91320 **
90340 *
89350 **
Our preference:
the downside prevails as long as 95630 is resistance.
Alternative scenario:
the upside breakout of 95630, would call for 97290 and 98270.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94485 and 94415).
Supports and resistances:
98270 **
97290 *
95630 **
94980
94280 last
92310
91320 **
90340 *
89350 **
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