Bitcoin Intraday: below its lower Bollinger band
Feb 7, 2025 8:50 PM
the downside prevails as long as 97410 is resistance.
Our pivot point stands at 97410.
Our preference:
the downside prevails as long as 97410 is resistance.
Alternative scenario:
the upside breakout of 97410, would call for 98910 and 99800.
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 97854 and 97356). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 96007).
Supports and resistances:
99800 **
98910 *
97410 **
96820
96000 last
94040
93150 **
92260 *
91370 **
Our preference:
the downside prevails as long as 97410 is resistance.
Alternative scenario:
the upside breakout of 97410, would call for 98910 and 99800.
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 97854 and 97356). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 96007).
Supports and resistances:
99800 **
98910 *
97410 **
96820
96000 last
94040
93150 **
92260 *
91370 **
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Bitcoin
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