Bitcoin Intraday: the downside prevails as long as 97000 is resistance
Feb 10, 2025 3:05 AM
the downside prevails as long as 97000 is resistance.
Our pivot point stands at 97000.
Our preference:
the downside prevails as long as 97000 is resistance.
Alternative scenario:
the upside breakout of 97000, would call for 98490 and 99380.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96063 and 96474).
Supports and resistances:
99380 **
98490 *
97000 **
96410
95800 last
94000
93110 **
92220 *
91330 **
Our preference:
the downside prevails as long as 97000 is resistance.
Alternative scenario:
the upside breakout of 97000, would call for 98490 and 99380.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96063 and 96474).
Supports and resistances:
99380 **
98490 *
97000 **
96410
95800 last
94000
93110 **
92220 *
91330 **
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