Bitcoin Short Term: under pressure below 104260
Dec 24, 2024 11:04 AM
under pressure below 104260.
Our pivot point is at 104260.
Our preference:
under pressure below 104260.
Alternative scenario:
above 104260, look for 116430 and 123680.
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 99453 and 93971).
Supports and resistances:
123680 **
116430 *
104260 **
99480
93873 last
79190
72040 **
64890 *
57740 **
Our preference:
under pressure below 104260.
Alternative scenario:
above 104260, look for 116430 and 123680.
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 99453 and 93971).
Supports and resistances:
123680 **
116430 *
104260 **
99480
93873 last
79190
72040 **
64890 *
57740 **
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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