Bitcoin Intraday: the downside prevails as long as 97200 is resistance
Feb 17, 2025 5:05 AM
the downside prevails as long as 97200 is resistance.
97200 is our pivot point.
Our preference:
the downside prevails as long as 97200 is resistance.
Alternative scenario:
the upside breakout of 97200, would call for 98620 and 99470.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96503 and 96910).
Supports and resistances:
99470 **
98620 *
97200 **
96640
95978 last
94280
93440 **
92590 *
91740 **
Our preference:
the downside prevails as long as 97200 is resistance.
Alternative scenario:
the upside breakout of 97200, would call for 98620 and 99470.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96503 and 96910).
Supports and resistances:
99470 **
98620 *
97200 **
96640
95978 last
94280
93440 **
92590 *
91740 **
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