Bitcoin Intraday: above its upper Bollinger band
Jan 29, 2025 8:50 PM
the upside prevails as long as 102640 is support.
102640 is our pivot point.
Our preference:
the upside prevails as long as 102640 is support.
Alternative scenario:
the downside breakout of 102640 would call for 101080 and 100140.
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 102438 and 102099). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 103966).
Supports and resistances:
109450 **
108510 *
107570 **
106630
104149 last
103260
102640 **
101080 *
100140 **
Our preference:
the upside prevails as long as 102640 is support.
Alternative scenario:
the downside breakout of 102640 would call for 101080 and 100140.
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 102438 and 102099). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 103966).
Supports and resistances:
109450 **
108510 *
107570 **
106630
104149 last
103260
102640 **
101080 *
100140 **
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