Bitcoin Intraday: below its lower Bollinger band
Feb 4, 2025 5:07 AM
target 97130.
Our pivot point is at 101320.
Our preference:
target 97130.
Alternative scenario:
the upside breakout of 101320, would call for 102830 and 103730.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (101209) but above its 50 period moving average (98227). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (99971).
Supports and resistances:
103730 **
102830 *
101320 **
100730
99817 last
98020
97130 **
96230 *
95340 **
Our preference:
target 97130.
Alternative scenario:
the upside breakout of 101320, would call for 102830 and 103730.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (101209) but above its 50 period moving average (98227). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (99971).
Supports and resistances:
103730 **
102830 *
101320 **
100730
99817 last
98020
97130 **
96230 *
95340 **
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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