Bitcoin Short Term: the downside prevails as long as 103450 is resistance
Feb 18, 2025 11:05 AM
the downside prevails as long as 103450 is resistance.
Our pivot point stands at 103450.
Our preference:
the downside prevails as long as 103450 is resistance.
Alternative scenario:
above 103450, look for 112640 and 118110.
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 97892 and 98877).
Supports and resistances:
118110 **
112640 *
103450 **
99840
95684 last
84310
78910 **
73500 *
68100 **
Our preference:
the downside prevails as long as 103450 is resistance.
Alternative scenario:
above 103450, look for 112640 and 118110.
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 97892 and 98877).
Supports and resistances:
118110 **
112640 *
103450 **
99840
95684 last
84310
78910 **
73500 *
68100 **
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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