Bitcoin Intraday: the downside prevails as long as 98120 is resistance
Dec 2, 2024 5:05 AM
the downside prevails as long as 98120 is resistance.
98120 is our pivot point.
Our preference:
the downside prevails as long as 98120 is resistance.
Alternative scenario:
the upside breakout of 98120, would call for 99830 and 100860.
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 97349 and 97130).
Supports and resistances:
100860 **
99830 *
98120 **
97440
96761 last
94720
93690 **
92670 *
91650 **
Our preference:
the downside prevails as long as 98120 is resistance.
Alternative scenario:
the upside breakout of 98120, would call for 99830 and 100860.
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 97349 and 97130).
Supports and resistances:
100860 **
99830 *
98120 **
97440
96761 last
94720
93690 **
92670 *
91650 **
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.
Related Instruments
Bitcoin
115312.010
-37.980
-0.03%
