Bitcoin Intraday: the downside prevails as long as 96770 is resistance
Feb 18, 2025 7:50 AM
the downside prevails as long as 96770 is resistance.
96770 is our pivot point.
Our preference:
the downside prevails as long as 96770 is resistance.
Alternative scenario:
the upside breakout of 96770, would call for 98190 and 99040.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95846 and 95954).
Supports and resistances:
99040 **
98190 *
96770 **
96220
95522 last
93840
92990 **
92150 *
91310 **
Our preference:
the downside prevails as long as 96770 is resistance.
Alternative scenario:
the upside breakout of 96770, would call for 98190 and 99040.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95846 and 95954).
Supports and resistances:
99040 **
98190 *
96770 **
96220
95522 last
93840
92990 **
92150 *
91310 **
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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