Bitcoin Intraday: the upside prevails as long as 97420 is support
Feb 5, 2025 2:02 PM
the upside prevails as long as 97420 is support.
Our pivot point is at 97420.
Our preference:
the upside prevails as long as 97420 is support.
Alternative scenario:
below 97420, expect 95880 and 94960.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 98027 and 98322).
Supports and resistances:
103200 **
102290 *
101370 **
100460
98627 last
98020
97420 **
95880 *
94960 **
Our preference:
the upside prevails as long as 97420 is support.
Alternative scenario:
below 97420, expect 95880 and 94960.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 98027 and 98322).
Supports and resistances:
103200 **
102290 *
101370 **
100460
98627 last
98020
97420 **
95880 *
94960 **
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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