Bitcoin Intraday: look for a drop towards 88500 before a bounce

Nov 14, 2024 7:48 AM

look for a drop towards 88500 before a bounce.

88500 is our pivot point.
Our preference:
look for a drop towards 88500 before a bounce.
Alternative scenario:
below 88500, expect 87010 and 86120.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90011 and 89815).
Supports and resistances:
94620 **
93720 *
92830 **
91940
90103 last
89090
88500 **
87010 *
86120 **

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