Bitcoin Intraday: below its lower Bollinger band
Feb 1, 2025 8:50 PM
the downside prevails as long as 102470 is resistance.
Our pivot point stands at 102470.
Our preference:
the downside prevails as long as 102470 is resistance.
Alternative scenario:
the upside breakout of 102470, would call for 104000 and 104910.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 101916 and 102076). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 101253).
Supports and resistances:
104910 **
104000 *
102470 **
101870
101000 last
99190
98280 **
97370 *
96470 **
Our preference:
the downside prevails as long as 102470 is resistance.
Alternative scenario:
the upside breakout of 102470, would call for 104000 and 104910.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 101916 and 102076). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 101253).
Supports and resistances:
104910 **
104000 *
102470 **
101870
101000 last
99190
98280 **
97370 *
96470 **
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