Bitcoin Intraday: technical rebound towards 97130 before a new drop
Feb 18, 2025 5:05 AM
technical rebound towards 97130 before a new drop.
97130 is our pivot point.
Our preference:
technical rebound towards 97130 before a new drop.
Alternative scenario:
above 97130, look for 98550 and 99400.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (95982) but under its 50 period moving average (96031).
Supports and resistances:
99400 **
98550 *
97130 **
96570
96010 last
94310
93460 **
92610 *
91760 **
Our preference:
technical rebound towards 97130 before a new drop.
Alternative scenario:
above 97130, look for 98550 and 99400.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (95982) but under its 50 period moving average (96031).
Supports and resistances:
99400 **
98550 *
97130 **
96570
96010 last
94310
93460 **
92610 *
91760 **
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