Bitcoin Intraday: rebound towards 98830
Feb 22, 2025 7:50 AM
rebound towards 98830.
Our pivot point stands at 95360.
Our preference:
rebound towards 98830.
Alternative scenario:
the downside breakout of 95360 would call for 94030 and 93240.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (96225) but under its 50 period moving average (97124).
Supports and resistances:
100420 **
99620 *
98830 **
98040
96460 last
95880
95360 **
94030 *
93240 **
Our preference:
rebound towards 98830.
Alternative scenario:
the downside breakout of 95360 would call for 94030 and 93240.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (96225) but under its 50 period moving average (97124).
Supports and resistances:
100420 **
99620 *
98830 **
98040
96460 last
95880
95360 **
94030 *
93240 **
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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