Bitcoin Intraday: the downside prevails as long as 97290 is resistance
Feb 13, 2025 7:50 AM
the downside prevails as long as 97290 is resistance.
97290 is our pivot point.
Our preference:
the downside prevails as long as 97290 is resistance.
Alternative scenario:
the upside breakout of 97290, would call for 98720 and 99570.
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 97255 and 96718).
Supports and resistances:
99570 **
98720 *
97290 **
96730
96145 last
94230
93390 **
92540 *
91700 **
Our preference:
the downside prevails as long as 97290 is resistance.
Alternative scenario:
the upside breakout of 97290, would call for 98720 and 99570.
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 97255 and 96718).
Supports and resistances:
99570 **
98720 *
97290 **
96730
96145 last
94230
93390 **
92540 *
91700 **
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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