Bitcoin Intraday: rebound
Jan 27, 2025 2:02 PM
rebound.
99240 is our pivot point.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 99240 would call for 97660 and 96720.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (99478) but under its 50 period moving average (102041).
Supports and resistances:
105200 **
104260 *
103310 **
102370
100487 last
99870
99240 **
97660 *
96720 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 99240 would call for 97660 and 96720.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (99478) but under its 50 period moving average (102041).
Supports and resistances:
105200 **
104260 *
103310 **
102370
100487 last
99870
99240 **
97660 *
96720 **
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