Bitcoin Short Term: the downside prevails as long as 103450 is resistance
Feb 18, 2025 11:05 AM
the downside prevails as long as 103450 is resistance.
Our pivot point stands at 103450.
Our preference:
the downside prevails as long as 103450 is resistance.
Alternative scenario:
above 103450, look for 112640 and 118110.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97892 and 98877).
Supports and resistances:
118110 **
112640 *
103450 **
99840
95684 last
84310
78910 **
73500 *
68100 **
Our preference:
the downside prevails as long as 103450 is resistance.
Alternative scenario:
above 103450, look for 112640 and 118110.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97892 and 98877).
Supports and resistances:
118110 **
112640 *
103450 **
99840
95684 last
84310
78910 **
73500 *
68100 **
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