Bitcoin Intraday: the downside prevails as long as 95530 is resistance
Feb 24, 2025 8:50 PM
the downside prevails as long as 95530 is resistance.
Our pivot point stands at 95530.
Our preference:
the downside prevails as long as 95530 is resistance.
Alternative scenario:
the upside breakout of 95530, would call for 96830 and 97610.
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 94888 and 95415).
Supports and resistances:
97610 **
96830 *
95530 **
95020
94428 last
92610
91840 **
91070 *
90300 **
Our preference:
the downside prevails as long as 95530 is resistance.
Alternative scenario:
the upside breakout of 95530, would call for 96830 and 97610.
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 94888 and 95415).
Supports and resistances:
97610 **
96830 *
95530 **
95020
94428 last
92610
91840 **
91070 *
90300 **
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