Bitcoin Intraday: the downside prevails as long as 94910 is resistance
Jan 9, 2025 9:43 AM
the downside prevails as long as 94910 is resistance.
Our pivot point stands at 94910.
Our preference:
the downside prevails as long as 94910 is resistance.
Alternative scenario:
the upside breakout of 94910, would call for 96550 and 97530.
Comment:
the RSI is below its neutrality area at 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 94160 and 94600).
Supports and resistances:
97530 **
96550 *
94910 **
94260
93615 last
91460
90490 **
89510 *
88540 **
Our preference:
the downside prevails as long as 94910 is resistance.
Alternative scenario:
the upside breakout of 94910, would call for 96550 and 97530.
Comment:
the RSI is below its neutrality area at 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 94160 and 94600).
Supports and resistances:
97530 **
96550 *
94910 **
94260
93615 last
91460
90490 **
89510 *
88540 **
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