Bitcoin Intraday: rebound towards 98700
Feb 17, 2025 7:49 AM
rebound towards 98700.
94830 is our pivot point.
Our preference:
rebound towards 98700.
Alternative scenario:
the downside breakout of 94830 would call for 93410 and 92560.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96296 and 96777).
Supports and resistances:
100390 **
99550 *
98700 **
97850
95948 last
95390
94830 **
93410 *
92560 **
Our preference:
rebound towards 98700.
Alternative scenario:
the downside breakout of 94830 would call for 93410 and 92560.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96296 and 96777).
Supports and resistances:
100390 **
99550 *
98700 **
97850
95948 last
95390
94830 **
93410 *
92560 **
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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Bitcoin
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