Bitcoin Intraday: the downside prevails as long as 103350 is resistance
Jan 23, 2025 5:05 AM
the downside prevails as long as 103350 is resistance.
Our pivot point is at 103350.
Our preference:
the downside prevails as long as 103350 is resistance.
Alternative scenario:
the upside breakout of 103350, would call for 104950 and 105910.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 103273 and 104199).
Supports and resistances:
105910 **
104950 *
103350 **
102710
101992 last
100030
99070 **
98120 *
97160 **
Our preference:
the downside prevails as long as 103350 is resistance.
Alternative scenario:
the upside breakout of 103350, would call for 104950 and 105910.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 103273 and 104199).
Supports and resistances:
105910 **
104950 *
103350 **
102710
101992 last
100030
99070 **
98120 *
97160 **
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