Bitcoin Intraday: the downside prevails as long as 105240 is resistance
Jan 31, 2025 5:05 AM
the downside prevails as long as 105240 is resistance.
Our pivot point is at 105240.
Our preference:
the downside prevails as long as 105240 is resistance.
Alternative scenario:
the upside breakout of 105240, would call for 106810 and 107750.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 104752 and 105062).
Supports and resistances:
107750 **
106810 *
105240 **
104630
104010 last
102140
101200 **
100270 *
99330 **
Our preference:
the downside prevails as long as 105240 is resistance.
Alternative scenario:
the upside breakout of 105240, would call for 106810 and 107750.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 104752 and 105062).
Supports and resistances:
107750 **
106810 *
105240 **
104630
104010 last
102140
101200 **
100270 *
99330 **
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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