Bitcoin Intraday: the downside prevails as long as 100570 is resistance
Dec 5, 2024 8:50 PM
the downside prevails as long as 100570 is resistance.
Our pivot point is at 100570.
Our preference:
the downside prevails as long as 100570 is resistance.
Alternative scenario:
the upside breakout of 100570, would call for 102290 and 103320.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 101505 and 101118).
Supports and resistances:
103320 **
102290 *
100570 **
99890
99080 last
95940
94920 **
93910 *
92890 **
Our preference:
the downside prevails as long as 100570 is resistance.
Alternative scenario:
the upside breakout of 100570, would call for 102290 and 103320.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 101505 and 101118).
Supports and resistances:
103320 **
102290 *
100570 **
99890
99080 last
95940
94920 **
93910 *
92890 **
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