Bitcoin Intraday: below its lower Bollinger band
Jan 3, 2025 7:50 AM
the downside prevails as long as 97750 is resistance.
Our pivot point stands at 97750.
Our preference:
the downside prevails as long as 97750 is resistance.
Alternative scenario:
above 97750, look for 99550 and 100630.
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 96750 and 96701). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (96319).
Supports and resistances:
100630 **
99550 *
97750 **
97040
96254 last
94100
93030 **
91950 *
90880 **
Our preference:
the downside prevails as long as 97750 is resistance.
Alternative scenario:
above 97750, look for 99550 and 100630.
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 96750 and 96701). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (96319).
Supports and resistances:
100630 **
99550 *
97750 **
97040
96254 last
94100
93030 **
91950 *
90880 **
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