Bitcoin Intraday: the downside prevails as long as 94340 is resistance
Dec 23, 2024 8:50 PM
the downside prevails as long as 94340 is resistance.
Our pivot point is at 94340.
Our preference:
the downside prevails as long as 94340 is resistance.
Alternative scenario:
the upside breakout of 94340, would call for 95980 and 96960.
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 94107 and 94782).
Supports and resistances:
96960 **
95980 *
94340 **
93690
92920 last
90750
89770 **
88800 *
87820 **
Our preference:
the downside prevails as long as 94340 is resistance.
Alternative scenario:
the upside breakout of 94340, would call for 95980 and 96960.
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 94107 and 94782).
Supports and resistances:
96960 **
95980 *
94340 **
93690
92920 last
90750
89770 **
88800 *
87820 **
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