Bitcoin Intraday: technical rebound towards 105890 before a new drop
Jan 31, 2025 2:02 PM
technical rebound towards 105890 before a new drop.
Our pivot point stands at 105890.
Our preference:
technical rebound towards 105890 before a new drop.
Alternative scenario:
above 105890, look for 107470 and 108410.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (104443) but below its 50 period moving average (104808).
Supports and resistances:
108410 **
107470 *
105890 **
105270
104647 last
102770
101830 **
100890 *
99950 **
Our preference:
technical rebound towards 105890 before a new drop.
Alternative scenario:
above 105890, look for 107470 and 108410.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (104443) but below its 50 period moving average (104808).
Supports and resistances:
108410 **
107470 *
105890 **
105270
104647 last
102770
101830 **
100890 *
99950 **
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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Bitcoin
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162.340
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