Bitcoin Intraday: rebound towards 98700
Dec 2, 2024 2:02 PM
rebound towards 98700.
Our pivot point stands at 94330.
Our preference:
rebound towards 98700.
Alternative scenario:
the downside breakout of 94330 would call for 92640 and 91620.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 95678 and 96680).
Supports and resistances:
100720 **
99710 *
98700 **
97690
95669 last
95000
94330 **
92640 *
91620 **
Our preference:
rebound towards 98700.
Alternative scenario:
the downside breakout of 94330 would call for 92640 and 91620.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 95678 and 96680).
Supports and resistances:
100720 **
99710 *
98700 **
97690
95669 last
95000
94330 **
92640 *
91620 **
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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Bitcoin
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