Bitcoin Intraday: the downside prevails as long as 97010 is resistance
Dec 4, 2024 2:02 PM
the downside prevails as long as 97010 is resistance.
Our pivot point stands at 97010.
Our preference:
the downside prevails as long as 97010 is resistance.
Alternative scenario:
above 97010, look for 98680 and 99670.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96388 and 95930).
Supports and resistances:
99670 **
98680 *
97010 **
96360
95670 last
93690
92700 **
91710 *
90720 **
Our preference:
the downside prevails as long as 97010 is resistance.
Alternative scenario:
above 97010, look for 98680 and 99670.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96388 and 95930).
Supports and resistances:
99670 **
98680 *
97010 **
96360
95670 last
93690
92700 **
91710 *
90720 **
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