Bitcoin Intraday: the upside prevails as long as 93580 is support
Jan 10, 2025 9:59 AM
the upside prevails as long as 93580 is support.
Our pivot point stands at 93580.
Our preference:
the upside prevails as long as 93580 is support.
Alternative scenario:
below 93580, expect 91920 and 90930.
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 trading above both its 20 and 50 period moving average (respectively at 93825 and 93273).
Supports and resistances:
99900 **
98910 *
97920 **
96930
94893 last
94240
93580 **
91920 *
90930 **
Our preference:
the upside prevails as long as 93580 is support.
Alternative scenario:
below 93580, expect 91920 and 90930.
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 trading above both its 20 and 50 period moving average (respectively at 93825 and 93273).
Supports and resistances:
99900 **
98910 *
97920 **
96930
94893 last
94240
93580 **
91920 *
90930 **
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