Bitcoin Intraday: look for a drop towards 92580 before a bounce
Jan 1, 2025 1:05 AM
look for a drop towards 92580 before a bounce.
Our pivot point stands at 92580.
Our preference:
look for a drop towards 92580 before a bounce.
Alternative scenario:
below 92580, expect 90810 and 89770.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 93918 and 93647).
Supports and resistances:
99500 **
98450 *
97400 **
96340
93961 last
93270
92580 **
90810 *
89770 **
Our preference:
look for a drop towards 92580 before a bounce.
Alternative scenario:
below 92580, expect 90810 and 89770.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 93918 and 93647).
Supports and resistances:
99500 **
98450 *
97400 **
96340
93961 last
93270
92580 **
90810 *
89770 **
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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