Bitcoin Short Term: the upside prevails as long as 91530 is support
Jan 21, 2025 11:05 AM
the upside prevails as long as 91530 is support.
Our pivot point is at 91530.
Our preference:
the upside prevails as long as 91530 is support.
Alternative scenario:
the downside breakout of 91530 would call for 80610 and 74100.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 98414 and 98300).
Supports and resistances:
136710 **
130010 *
123310 **
116600
103045 last
95820
91530 **
80610 *
74100 **
Our preference:
the upside prevails as long as 91530 is support.
Alternative scenario:
the downside breakout of 91530 would call for 80610 and 74100.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 98414 and 98300).
Supports and resistances:
136710 **
130010 *
123310 **
116600
103045 last
95820
91530 **
80610 *
74100 **
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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