Bitcoin Intraday: as long as 106500 is support look for 110760
Jan 20, 2025 2:02 PM
as long as 106500 is support look for 110760.
Our pivot point stands at 106500.
Our preference:
as long as 106500 is support look for 110760.
Alternative scenario:
the downside breakout of 106500 would call for 104840 and 103850.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 106627 and 104705).
Supports and resistances:
112740 **
111750 *
110760 **
109770
107800 last
107150
106500 **
104840 *
103850 **
Our preference:
as long as 106500 is support look for 110760.
Alternative scenario:
the downside breakout of 106500 would call for 104840 and 103850.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 106627 and 104705).
Supports and resistances:
112740 **
111750 *
110760 **
109770
107800 last
107150
106500 **
104840 *
103850 **
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