Bitcoin Intraday: the downside prevails as long as 94210 is resistance
Feb 3, 2025 5:05 AM
the downside prevails as long as 94210 is resistance.
Our pivot point is at 94210.
Our preference:
the downside prevails as long as 94210 is resistance.
Alternative scenario:
the upside breakout of 94210, would call for 95610 and 96450.
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 95760 and 97715).
Supports and resistances:
96450 **
95610 *
94210 **
93660
93059 last
91130
90300 **
89470 *
88630 **
Our preference:
the downside prevails as long as 94210 is resistance.
Alternative scenario:
the upside breakout of 94210, would call for 95610 and 96450.
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 95760 and 97715).
Supports and resistances:
96450 **
95610 *
94210 **
93660
93059 last
91130
90300 **
89470 *
88630 **
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