Bitcoin Intraday: below its lower Bollinger band
Jan 1, 2025 9:41 AM
the downside prevails as long as 94420 is resistance.
Our pivot point is at 94420.
Our preference:
the downside prevails as long as 94420 is resistance.
Alternative scenario:
above 94420, look for 96160 and 97200.
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 93487 and 93929). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 92865).
Supports and resistances:
97200 **
96160 *
94420 **
93730
92836 last
90750
89720 **
88680 *
87650 **
Our preference:
the downside prevails as long as 94420 is resistance.
Alternative scenario:
above 94420, look for 96160 and 97200.
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 93487 and 93929). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 92865).
Supports and resistances:
97200 **
96160 *
94420 **
93730
92836 last
90750
89720 **
88680 *
87650 **
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