Bitcoin Intraday: the upside prevails as long as 92530 is support
Jan 10, 2025 5:05 AM
the upside prevails as long as 92530 is support.
Our pivot point stands at 92530.
Our preference:
the upside prevails as long as 92530 is support.
Alternative scenario:
the downside breakout of 92530 would call for 90890 and 89910.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 92756 and 93162).
Supports and resistances:
98770 **
97780 *
96800 **
95820
93860 last
93180
92530 **
90890 *
89910 **
Our preference:
the upside prevails as long as 92530 is support.
Alternative scenario:
the downside breakout of 92530 would call for 90890 and 89910.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 92756 and 93162).
Supports and resistances:
98770 **
97780 *
96800 **
95820
93860 last
93180
92530 **
90890 *
89910 **
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