Bitcoin Intraday: the upside prevails as long as 95860 is support
Jan 2, 2025 8:50 PM
the upside prevails as long as 95860 is support.
95860 is our pivot point.
Our preference:
the upside prevails as long as 95860 is support.
Alternative scenario:
the downside breakout of 95860 would call for 94030 and 92950.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 96860 and 95873).
Supports and resistances:
103040 **
101950 *
100870 **
99780
97500 last
96570
95860 **
94030 *
92950 **
Our preference:
the upside prevails as long as 95860 is support.
Alternative scenario:
the downside breakout of 95860 would call for 94030 and 92950.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 96860 and 95873).
Supports and resistances:
103040 **
101950 *
100870 **
99780
97500 last
96570
95860 **
94030 *
92950 **
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