Bitcoin Intraday: the downside prevails as long as 98910 is resistance
Feb 5, 2025 8:50 PM
the downside prevails as long as 98910 is resistance.
Our pivot point stands at 98910.
Our preference:
the downside prevails as long as 98910 is resistance.
Alternative scenario:
the upside breakout of 98910, would call for 100440 and 101340.
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 97901 and 97867).
Supports and resistances:
101340 **
100440 *
98910 **
98310
97150 last
95140
94240 **
93340 *
92440 **
Our preference:
the downside prevails as long as 98910 is resistance.
Alternative scenario:
the upside breakout of 98910, would call for 100440 and 101340.
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 97901 and 97867).
Supports and resistances:
101340 **
100440 *
98910 **
98310
97150 last
95140
94240 **
93340 *
92440 **
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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