Bitcoin Intraday: the upside prevails as long as 95240 is support
Feb 8, 2025 8:50 PM
the upside prevails as long as 95240 is support.
Our pivot point stands at 95240.
Our preference:
the upside prevails as long as 95240 is support.
Alternative scenario:
the downside breakout of 95240 would call for 93740 and 92840.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 96214 and 96256).
Supports and resistances:
100960 **
100070 *
99170 **
98270
96425 last
95830
95240 **
93740 *
92840 **
Our preference:
the upside prevails as long as 95240 is support.
Alternative scenario:
the downside breakout of 95240 would call for 93740 and 92840.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 96214 and 96256).
Supports and resistances:
100960 **
100070 *
99170 **
98270
96425 last
95830
95240 **
93740 *
92840 **
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