Bitcoin Intraday: the downside prevails as long as 97980 is resistance
Jan 3, 2025 9:44 AM
the downside prevails as long as 97980 is resistance.
Our pivot point is at 97980.
Our preference:
the downside prevails as long as 97980 is resistance.
Alternative scenario:
above 97980, look for 99790 and 100870.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96655 and 96750).
Supports and resistances:
100870 **
99790 *
97980 **
97270
96561 last
94230
93150 **
92080 *
91000 **
Our preference:
the downside prevails as long as 97980 is resistance.
Alternative scenario:
above 97980, look for 99790 and 100870.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96655 and 96750).
Supports and resistances:
100870 **
99790 *
97980 **
97270
96561 last
94230
93150 **
92080 *
91000 **
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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