Bitcoin Intraday: the upside prevails as long as 100180 is support

Jan 17, 2025 5:05 AM

the upside prevails as long as 100180 is support.

Our pivot point stands at 100180.
Our preference:
the upside prevails as long as 100180 is support.
Alternative scenario:
the downside breakout of 100180 would call for 98620 and 97690.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 100573 and 99804).
Supports and resistances:
106080 **
105150 *
104220 **
103290
101401 last
100790
100180 **
98620 *
97690 **

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