Bitcoin Intraday: the downside prevails as long as 99980 is resistance
Feb 4, 2025 9:41 AM
the downside prevails as long as 99980 is resistance.
Our pivot point stands at 99980.
Our preference:
the downside prevails as long as 99980 is resistance.
Alternative scenario:
the upside breakout of 99980, would call for 101470 and 102360.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 99899 and 99011).
Supports and resistances:
102360 **
101470 *
99980 **
99390
98745 last
96810
95930 **
95040 *
94160 **
Our preference:
the downside prevails as long as 99980 is resistance.
Alternative scenario:
the upside breakout of 99980, would call for 101470 and 102360.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 99899 and 99011).
Supports and resistances:
102360 **
101470 *
99980 **
99390
98745 last
96810
95930 **
95040 *
94160 **
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