Bitcoin Intraday: under pressure below 96120
Dec 23, 2024 2:02 PM
under pressure below 96120.
Our pivot point is at 96120.
Our preference:
under pressure below 96120.
Alternative scenario:
above 96120, look for 97790 and 98790.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 95562 and 95382).
Supports and resistances:
98790 **
97790 *
96120 **
95460
94800 last
92800
91810 **
90810 *
89810 **
Our preference:
under pressure below 96120.
Alternative scenario:
above 96120, look for 97790 and 98790.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 95562 and 95382).
Supports and resistances:
98790 **
97790 *
96120 **
95460
94800 last
92800
91810 **
90810 *
89810 **
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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