Bitcoin Intraday: the upside prevails as long as 100400 is support
Jan 6, 2025 8:54 PM
the upside prevails as long as 100400 is support.
Our pivot point is at 100400.
Our preference:
the upside prevails as long as 100400 is support.
Alternative scenario:
below 100400, expect 98490 and 97350.
Comment:
the RSI is above its neutrality area at 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 100982 and 99710).
Supports and resistances:
108030 **
106890 *
105750 **
104600
102160 last
101150
100400 **
98490 *
97350 **
Our preference:
the upside prevails as long as 100400 is support.
Alternative scenario:
below 100400, expect 98490 and 97350.
Comment:
the RSI is above its neutrality area at 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 100982 and 99710).
Supports and resistances:
108030 **
106890 *
105750 **
104600
102160 last
101150
100400 **
98490 *
97350 **
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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