Bitcoin Intraday: the upside prevails as long as 101130 is support
Jan 29, 2025 9:41 AM
the upside prevails as long as 101130 is support.
Our pivot point stands at 101130.
Our preference:
the upside prevails as long as 101130 is support.
Alternative scenario:
the downside breakout of 101130 would call for 99590 and 98670.
Comment:
the RSI is above its neutrality area at 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 102126 and 102170).
Supports and resistances:
107040 **
106120 *
105200 **
104280
102349 last
101740
101130 **
99590 *
98670 **
Our preference:
the upside prevails as long as 101130 is support.
Alternative scenario:
the downside breakout of 101130 would call for 99590 and 98670.
Comment:
the RSI is above its neutrality area at 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 102126 and 102170).
Supports and resistances:
107040 **
106120 *
105200 **
104280
102349 last
101740
101130 **
99590 *
98670 **
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