Bitcoin Intraday: the upside prevails as long as 100110 is support
Feb 3, 2025 8:50 PM
the upside prevails as long as 100110 is support.
Our pivot point is at 100110.
Our preference:
the upside prevails as long as 100110 is support.
Alternative scenario:
below 100110, expect 98580 and 97670.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 98023 and 96470).
Supports and resistances:
106580 **
105670 *
104750 **
103830
101433 last
100710
100110 **
98580 *
97670 **
Our preference:
the upside prevails as long as 100110 is support.
Alternative scenario:
below 100110, expect 98580 and 97670.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 98023 and 96470).
Supports and resistances:
106580 **
105670 *
104750 **
103830
101433 last
100710
100110 **
98580 *
97670 **
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