Bitcoin Intraday: the downside prevails as long as 98560 is resistance
Feb 16, 2025 7:50 AM
the downside prevails as long as 98560 is resistance.
Our pivot point is at 98560.
Our preference:
the downside prevails as long as 98560 is resistance.
Alternative scenario:
above 98560, look for 100000 and 100860.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 97546 and 97566).
Supports and resistances:
100860 **
100000 *
98560 **
97990
97408 last
95690
94830 **
93970 *
93110 **
Our preference:
the downside prevails as long as 98560 is resistance.
Alternative scenario:
above 98560, look for 100000 and 100860.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 97546 and 97566).
Supports and resistances:
100860 **
100000 *
98560 **
97990
97408 last
95690
94830 **
93970 *
93110 **
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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