Bitcoin Intraday: the upside prevails as long as 97290 is support
Jan 6, 2025 3:09 AM
the upside prevails as long as 97290 is support.
97290 is our pivot point.
Our preference:
the upside prevails as long as 97290 is support.
Alternative scenario:
the downside breakout of 97290 would call for 95440 and 94340.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98332 and 98113).
Supports and resistances:
104470 **
103360 *
102260 **
101160
98949 last
98020
97290 **
95440 *
94340 **
Our preference:
the upside prevails as long as 97290 is support.
Alternative scenario:
the downside breakout of 97290 would call for 95440 and 94340.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98332 and 98113).
Supports and resistances:
104470 **
103360 *
102260 **
101160
98949 last
98020
97290 **
95440 *
94340 **
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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