Bitcoin Intraday: rebound
Feb 17, 2025 8:50 PM
rebound.
Our pivot point stands at 94630.
Our preference:
rebound.
Alternative scenario:
below 94630, expect 93210 and 92360.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (95947) but below its 50 period moving average (96205).
Supports and resistances:
100270 **
99420 *
98570 **
97720
96030 last
95180
94630 **
93210 *
92360 **
Our preference:
rebound.
Alternative scenario:
below 94630, expect 93210 and 92360.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (95947) but below its 50 period moving average (96205).
Supports and resistances:
100270 **
99420 *
98570 **
97720
96030 last
95180
94630 **
93210 *
92360 **
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