Bitcoin Intraday: rebound towards 105120
Jan 21, 2025 7:50 AM
rebound towards 105120.
Our pivot point stands at 100790.
Our preference:
rebound towards 105120.
Alternative scenario:
the downside breakout of 100790 would call for 99220 and 98290.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 102116 and 104480).
Supports and resistances:
107000 **
106060 *
105120 **
104190
102099 last
101410
100790 **
99220 *
98290 **
Our preference:
rebound towards 105120.
Alternative scenario:
the downside breakout of 100790 would call for 99220 and 98290.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 102116 and 104480).
Supports and resistances:
107000 **
106060 *
105120 **
104190
102099 last
101410
100790 **
99220 *
98290 **
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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Bitcoin
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