Bitcoin Intraday: the downside prevails as long as 105480 is resistance
Jan 20, 2025 8:50 PM
the downside prevails as long as 105480 is resistance.
Our pivot point stands at 105480.
Our preference:
the downside prevails as long as 105480 is resistance.
Alternative scenario:
the upside breakout of 105480, would call for 107080 and 108030.
Comment:
the RSI is below its neutrality area at 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 105612 and 104610).
Supports and resistances:
108030 **
107080 *
105480 **
104850
103864 last
101820
100870 **
99920 *
98970 **
Our preference:
the downside prevails as long as 105480 is resistance.
Alternative scenario:
the upside breakout of 105480, would call for 107080 and 108030.
Comment:
the RSI is below its neutrality area at 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 105612 and 104610).
Supports and resistances:
108030 **
107080 *
105480 **
104850
103864 last
101820
100870 **
99920 *
98970 **
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