Bitcoin Intraday: the downside prevails as long as 96790 is resistance
Feb 18, 2025 1:05 AM
the downside prevails as long as 96790 is resistance.
96790 is our pivot point.
Our preference:
the downside prevails as long as 96790 is resistance.
Alternative scenario:
above 96790, look for 98200 and 99050.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95710 and 96051).
Supports and resistances:
99050 **
98200 *
96790 **
96230
95671 last
93910
93070 **
92230 *
91380 **
Our preference:
the downside prevails as long as 96790 is resistance.
Alternative scenario:
above 96790, look for 98200 and 99050.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95710 and 96051).
Supports and resistances:
99050 **
98200 *
96790 **
96230
95671 last
93910
93070 **
92230 *
91380 **
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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