Bitcoin Intraday: our next up target stands at 98950
Feb 23, 2025 7:50 AM
our next up target stands at 98950.
Our pivot point is at 95380.
Our preference:
our next up target stands at 98950.
Alternative scenario:
below 95380, expect 94060 and 93260.
Comment:
the RSI is above its neutrality area at 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 is trading above both its 20 and 50 period moving average (respectively at 96475 and 96516).
Supports and resistances:
100530 **
99740 *
98950 **
98160
96568 last
95910
95380 **
94060 *
93260 **
Our preference:
our next up target stands at 98950.
Alternative scenario:
below 95380, expect 94060 and 93260.
Comment:
the RSI is above its neutrality area at 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 is trading above both its 20 and 50 period moving average (respectively at 96475 and 96516).
Supports and resistances:
100530 **
99740 *
98950 **
98160
96568 last
95910
95380 **
94060 *
93260 **
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