Bitcoin Intraday: the downside prevails as long as 97420 is resistance
Feb 13, 2025 9:40 AM
the downside prevails as long as 97420 is resistance.
Our pivot point stands at 97420.
Our preference:
the downside prevails as long as 97420 is resistance.
Alternative scenario:
the upside breakout of 97420, would call for 98850 and 99700.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96908 and 96713).
Supports and resistances:
99700 **
98850 *
97420 **
96860
96291 last
94480
93630 **
92780 *
91930 **
Our preference:
the downside prevails as long as 97420 is resistance.
Alternative scenario:
the upside breakout of 97420, would call for 98850 and 99700.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96908 and 96713).
Supports and resistances:
99700 **
98850 *
97420 **
96860
96291 last
94480
93630 **
92780 *
91930 **
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