Bitcoin Intraday: the downside prevails as long as 100210 is resistance
Jan 16, 2025 9:40 AM
the downside prevails as long as 100210 is resistance.
Our pivot point stands at 100210.
Our preference:
the downside prevails as long as 100210 is resistance.
Alternative scenario:
the upside breakout of 100210, would call for 101740 and 102640.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 99585 and 99037).
Supports and resistances:
102640 **
101740 *
100210 **
99610
99016 last
97000
96100 **
95190 *
94290 **
Our preference:
the downside prevails as long as 100210 is resistance.
Alternative scenario:
the upside breakout of 100210, would call for 101740 and 102640.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 99585 and 99037).
Supports and resistances:
102640 **
101740 *
100210 **
99610
99016 last
97000
96100 **
95190 *
94290 **
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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