Bitcoin Intraday: the downside prevails as long as 97960 is resistance
Feb 3, 2025 1:05 AM
the downside prevails as long as 97960 is resistance.
Our pivot point stands at 97960.
Our preference:
the downside prevails as long as 97960 is resistance.
Alternative scenario:
the upside breakout of 97960, would call for 99420 and 100290.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97587 and 98844).
Supports and resistances:
100290 **
99420 *
97960 **
97390
96657 last
94710
93850 **
92980 *
92110 **
Our preference:
the downside prevails as long as 97960 is resistance.
Alternative scenario:
the upside breakout of 97960, would call for 99420 and 100290.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97587 and 98844).
Supports and resistances:
100290 **
99420 *
97960 **
97390
96657 last
94710
93850 **
92980 *
92110 **
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