Bitcoin Intraday: our next up target stands at 98550
Feb 24, 2025 9:41 AM
our next up target stands at 98550.
94950 is our pivot point.
Our preference:
our next up target stands at 98550.
Alternative scenario:
the downside breakout of 94950 would call for 93630 and 92840.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 95771 and 95809).
Supports and resistances:
100120 **
99330 *
98550 **
97760
95991 last
95470
94950 **
93630 *
92840 **
Our preference:
our next up target stands at 98550.
Alternative scenario:
the downside breakout of 94950 would call for 93630 and 92840.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 95771 and 95809).
Supports and resistances:
100120 **
99330 *
98550 **
97760
95991 last
95470
94950 **
93630 *
92840 **
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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