Bitcoin Intraday: our next up target stands at 100320
Feb 7, 2025 3:05 AM
our next up target stands at 100320.
96340 is our pivot point.
Our preference:
our next up target stands at 100320.
Alternative scenario:
the downside breakout of 96340 would call for 94820 and 93910.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 96747 and 97505).
Supports and resistances:
102130 **
101230 *
100320 **
99410
97549 last
96940
96340 **
94820 *
93910 **
Our preference:
our next up target stands at 100320.
Alternative scenario:
the downside breakout of 96340 would call for 94820 and 93910.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 96747 and 97505).
Supports and resistances:
102130 **
101230 *
100320 **
99410
97549 last
96940
96340 **
94820 *
93910 **
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