Bitcoin Intraday: rebound towards 99690
Feb 16, 2025 8:50 PM
rebound towards 99690.
Our pivot point is at 95850.
Our preference:
rebound towards 99690.
Alternative scenario:
the downside breakout of 95850 would call for 94410 and 93560.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 97037 and 97307).
Supports and resistances:
101410 **
100550 *
99690 **
98840
96989 last
96420
95850 **
94410 *
93560 **
Our preference:
rebound towards 99690.
Alternative scenario:
the downside breakout of 95850 would call for 94410 and 93560.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 97037 and 97307).
Supports and resistances:
101410 **
100550 *
99690 **
98840
96989 last
96420
95850 **
94410 *
93560 **
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