Bitcoin Intraday: the downside prevails as long as 96760 is resistance
Feb 18, 2025 9:42 AM
the downside prevails as long as 96760 is resistance.
Our pivot point stands at 96760.
Our preference:
the downside prevails as long as 96760 is resistance.
Alternative scenario:
the upside breakout of 96760, would call for 98180 and 99030.
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 95760 and 95903).
Supports and resistances:
99030 **
98180 *
96760 **
96210
95625 last
93940
93090 **
92250 *
91410 **
Our preference:
the downside prevails as long as 96760 is resistance.
Alternative scenario:
the upside breakout of 96760, would call for 98180 and 99030.
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 95760 and 95903).
Supports and resistances:
99030 **
98180 *
96760 **
96210
95625 last
93940
93090 **
92250 *
91410 **
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