Bitcoin Intraday: below its lower Bollinger band
Jan 22, 2025 7:50 AM
target 102150.
Our pivot point stands at 106770.
Our preference:
target 102150.
Alternative scenario:
above 106770, look for 108430 and 109420.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (105727) but above its 50 period moving average (104995). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (105126).
Supports and resistances:
109420 **
108430 *
106770 **
106120
105115 last
103140
102150 **
101170 *
100180 **
Our preference:
target 102150.
Alternative scenario:
above 106770, look for 108430 and 109420.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (105727) but above its 50 period moving average (104995). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (105126).
Supports and resistances:
109420 **
108430 *
106770 **
106120
105115 last
103140
102150 **
101170 *
100180 **
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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