Bitcoin Intraday: the upside prevails as long as 103750 is support
Jan 26, 2025 8:50 PM
the upside prevails as long as 103750 is support.
Our pivot point stands at 103750.
Our preference:
the upside prevails as long as 103750 is support.
Alternative scenario:
the downside breakout of 103750 would call for 102100 and 101110.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 104949 and 104912).
Supports and resistances:
110070 **
109090 *
108100 **
107120
105050 last
104400
103750 **
102100 *
101110 **
Our preference:
the upside prevails as long as 103750 is support.
Alternative scenario:
the downside breakout of 103750 would call for 102100 and 101110.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 104949 and 104912).
Supports and resistances:
110070 **
109090 *
108100 **
107120
105050 last
104400
103750 **
102100 *
101110 **
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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