Bitcoin Intraday: the upside prevails as long as 103250 is support
Jan 24, 2025 5:05 AM
the upside prevails as long as 103250 is support.
Our pivot point stands at 103250.
Our preference:
the upside prevails as long as 103250 is support.
Alternative scenario:
the downside breakout of 103250 would call for 101610 and 100630.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 103803 and 103419).
Supports and resistances:
109570 **
108590 *
107610 **
106630
104548 last
103900
103250 **
101610 *
100630 **
Our preference:
the upside prevails as long as 103250 is support.
Alternative scenario:
the downside breakout of 103250 would call for 101610 and 100630.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 103803 and 103419).
Supports and resistances:
109570 **
108590 *
107610 **
106630
104548 last
103900
103250 **
101610 *
100630 **
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