Bitcoin Intraday: the upside prevails as long as 94710 is support
Feb 19, 2025 9:43 AM
the upside prevails as long as 94710 is support.
94710 is our pivot point.
Our preference:
the upside prevails as long as 94710 is support.
Alternative scenario:
the downside breakout of 94710 would call for 93390 and 92600.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 95490 and 95314).
Supports and resistances:
99680 **
98890 *
98110 **
97320
95749 last
95220
94710 **
93390 *
92600 **
Our preference:
the upside prevails as long as 94710 is support.
Alternative scenario:
the downside breakout of 94710 would call for 93390 and 92600.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 95490 and 95314).
Supports and resistances:
99680 **
98890 *
98110 **
97320
95749 last
95220
94710 **
93390 *
92600 **
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