Bitcoin Intraday: the upside prevails as long as 103250 is support
Jan 24, 2025 5:05 AM
the upside prevails as long as 103250 is support.
Our pivot point stands at 103250.
Our preference:
the upside prevails as long as 103250 is support.
Alternative scenario:
the downside breakout of 103250 would call for 101610 and 100630.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 103803 and 103419).
Supports and resistances:
109570 **
108590 *
107610 **
106630
104548 last
103900
103250 **
101610 *
100630 **
Our preference:
the upside prevails as long as 103250 is support.
Alternative scenario:
the downside breakout of 103250 would call for 101610 and 100630.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 103803 and 103419).
Supports and resistances:
109570 **
108590 *
107610 **
106630
104548 last
103900
103250 **
101610 *
100630 **
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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