Bitcoin Intraday: the downside prevails as long as 97420 is resistance
Feb 17, 2025 1:05 AM
the downside prevails as long as 97420 is resistance.
Our pivot point stands at 97420.
Our preference:
the downside prevails as long as 97420 is resistance.
Alternative scenario:
the upside breakout of 97420, would call for 98850 and 99700.
Comment:
the RSI is below its neutrality area at 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 96804 and 97123).
Supports and resistances:
99700 **
98850 *
97420 **
96860
96232 last
94530
93680 **
92830 *
91990 **
Our preference:
the downside prevails as long as 97420 is resistance.
Alternative scenario:
the upside breakout of 97420, would call for 98850 and 99700.
Comment:
the RSI is below its neutrality area at 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 96804 and 97123).
Supports and resistances:
99700 **
98850 *
97420 **
96860
96232 last
94530
93680 **
92830 *
91990 **
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.
Related Instruments
Bitcoin
115910.620
-216.710
-0.19%
