Bitcoin Intraday: the downside prevails as long as 96990 is resistance
Jan 8, 2025 7:50 AM
the downside prevails as long as 96990 is resistance.
96990 is our pivot point.
Our preference:
the downside prevails as long as 96990 is resistance.
Alternative scenario:
the upside breakout of 96990, would call for 98670 and 99670.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96571 and 98209).
Supports and resistances:
99670 **
98670 *
96990 **
96330
95663 last
93330
92340 **
91340 *
90350 **
Our preference:
the downside prevails as long as 96990 is resistance.
Alternative scenario:
the upside breakout of 96990, would call for 98670 and 99670.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96571 and 98209).
Supports and resistances:
99670 **
98670 *
96990 **
96330
95663 last
93330
92340 **
91340 *
90350 **
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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