Bitcoin Intraday: the downside prevails as long as 106300 is resistance
Jan 22, 2025 9:43 AM
the downside prevails as long as 106300 is resistance.
106300 is our pivot point.
Our preference:
the downside prevails as long as 106300 is resistance.
Alternative scenario:
above 106300, look for 107950 and 108940.
Comment:
the RSI is below 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 105515 and 105224).
Supports and resistances:
108940 **
107950 *
106300 **
105650
104995 last
103020
102030 **
101050 *
100070 **
Our preference:
the downside prevails as long as 106300 is resistance.
Alternative scenario:
above 106300, look for 107950 and 108940.
Comment:
the RSI is below 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 105515 and 105224).
Supports and resistances:
108940 **
107950 *
106300 **
105650
104995 last
103020
102030 **
101050 *
100070 **
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.
Related Instruments
Bitcoin
115693.660
-182.220
-0.16%
