Bitcoin Intraday: our next up target stands at 103970
Jan 27, 2025 8:50 PM
our next up target stands at 103970.
Our pivot point is at 99050.
Our preference:
our next up target stands at 103970.
Alternative scenario:
the downside breakout of 99050 would call for 97470 and 96530.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 100114 and 100806).
Supports and resistances:
105860 **
104910 *
103970 **
103020
101121 last
99670
99050 **
97470 *
96530 **
Our preference:
our next up target stands at 103970.
Alternative scenario:
the downside breakout of 99050 would call for 97470 and 96530.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 100114 and 100806).
Supports and resistances:
105860 **
104910 *
103970 **
103020
101121 last
99670
99050 **
97470 *
96530 **
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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