Bitcoin Intraday: the downside prevails as long as 95220 is resistance
Feb 18, 2025 8:50 PM
the downside prevails as long as 95220 is resistance.
Our pivot point stands at 95220.
Our preference:
the downside prevails as long as 95220 is resistance.
Alternative scenario:
the upside breakout of 95220, would call for 96520 and 97300.
Comment:
the RSI is below its neutrality area at 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 95047 and 95514).
Supports and resistances:
97300 **
96520 *
95220 **
94710
93830 last
92200
91430 **
90660 *
89890 **
Our preference:
the downside prevails as long as 95220 is resistance.
Alternative scenario:
the upside breakout of 95220, would call for 96520 and 97300.
Comment:
the RSI is below its neutrality area at 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 95047 and 95514).
Supports and resistances:
97300 **
96520 *
95220 **
94710
93830 last
92200
91430 **
90660 *
89890 **
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