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Bitcoin Intraday: as long as 104220 is support look for 108650

Jan 22, 2025 5:05 AM
as long as 104220 is support look for 108650.
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Our pivot point is at 104220.
Our preference:
as long as 104220 is support look for 108650.
Alternative scenario:
the downside breakout of 104220 would call for 102550 and 101570.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (106034) but above its 50 period moving average (104631).
Supports and resistances:
110640 **
109650 *
108650 **
107660
105672 last
104870
104220 **
102550 *
101570 **
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