Bitcoin Intraday: the downside prevails as long as 95630 is resistance
Jan 12, 2025 7:50 AM
the downside prevails as long as 95630 is resistance.
Our pivot point stands at 95630.
Our preference:
the downside prevails as long as 95630 is resistance.
Alternative scenario:
the upside breakout of 95630, would call for 97290 and 98270.
Comment:
the RSI is below 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 94485 and 94415).
Supports and resistances:
98270 **
97290 *
95630 **
94980
94280 last
92310
91320 **
90340 *
89350 **
Our preference:
the downside prevails as long as 95630 is resistance.
Alternative scenario:
the upside breakout of 95630, would call for 97290 and 98270.
Comment:
the RSI is below 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 94485 and 94415).
Supports and resistances:
98270 **
97290 *
95630 **
94980
94280 last
92310
91320 **
90340 *
89350 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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