Bitcoin Intraday: the upside prevails as long as 93010 is support
Jan 10, 2025 7:50 AM
the upside prevails as long as 93010 is support.
Our pivot point stands at 93010.
Our preference:
the upside prevails as long as 93010 is support.
Alternative scenario:
the downside breakout of 93010 would call for 91350 and 90370.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 93350 and 93154).
Supports and resistances:
99920 **
98930 *
97940 **
96940
94796 last
93660
93010 **
91350 *
90370 **
Our preference:
the upside prevails as long as 93010 is support.
Alternative scenario:
the downside breakout of 93010 would call for 91350 and 90370.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 93350 and 93154).
Supports and resistances:
99920 **
98930 *
97940 **
96940
94796 last
93660
93010 **
91350 *
90370 **
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