Bitcoin Intraday: below its lower Bollinger band
Jan 9, 2025 2:02 PM
the downside prevails as long as 93250 is resistance.
Our pivot point stands at 93250.
Our preference:
the downside prevails as long as 93250 is resistance.
Alternative scenario:
above 93250, look for 94860 and 95830.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 93437 and 94160). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 92014).
Supports and resistances:
95830 **
94860 *
93250 **
92610
91980 last
89960
89000 **
88040 *
87080 **
Our preference:
the downside prevails as long as 93250 is resistance.
Alternative scenario:
above 93250, look for 94860 and 95830.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 93437 and 94160). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 92014).
Supports and resistances:
95830 **
94860 *
93250 **
92610
91980 last
89960
89000 **
88040 *
87080 **
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