Bitcoin Intraday: below its lower Bollinger band
Feb 12, 2025 2:02 PM
the downside prevails as long as 96100 is resistance.
96100 is our pivot point.
Our preference:
the downside prevails as long as 96100 is resistance.
Alternative scenario:
above 96100, look for 97510 and 98340.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95925 and 95956). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 95150).
Supports and resistances:
98340 **
97510 *
96100 **
95540
94969 last
93290
92450 **
91620 *
90780 **
Our preference:
the downside prevails as long as 96100 is resistance.
Alternative scenario:
above 96100, look for 97510 and 98340.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95925 and 95956). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 95150).
Supports and resistances:
98340 **
97510 *
96100 **
95540
94969 last
93290
92450 **
91620 *
90780 **
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