Bitcoin Short Term: look for a drop towards 98060 before a bounce
Jun 24, 2025 10:05 AM
look for a drop towards 98060 before a bounce.
Our pivot point stands at 98060.
Our preference:
look for a drop towards 98060 before a bounce.
Alternative scenario:
below 98060, expect 89510 and 84420.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading under its 20 period moving average (105383) but above its 50 period moving average (105293).
Supports and resistances:
131590 **
126450 *
121310 **
116170
105294 last
101420
98060 **
89510 *
84420 **
Our preference:
look for a drop towards 98060 before a bounce.
Alternative scenario:
below 98060, expect 89510 and 84420.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading under its 20 period moving average (105383) but above its 50 period moving average (105293).
Supports and resistances:
131590 **
126450 *
121310 **
116170
105294 last
101420
98060 **
89510 *
84420 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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