Bitcoin Intraday: below its lower Bollinger band
Jan 22, 2025 2:02 PM
the downside prevails as long as 105340 is resistance.
Our pivot point stands at 105340.
Our preference:
the downside prevails as long as 105340 is resistance.
Alternative scenario:
above 105340, look for 106980 and 107950.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 105093 and 105467). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (104199).
Supports and resistances:
107950 **
106980 *
105340 **
104690
104050 last
102100
101120 **
100150 *
99170 **
Our preference:
the downside prevails as long as 105340 is resistance.
Alternative scenario:
above 105340, look for 106980 and 107950.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 105093 and 105467). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (104199).
Supports and resistances:
107950 **
106980 *
105340 **
104690
104050 last
102100
101120 **
100150 *
99170 **
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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