Bitcoin Intraday: the upside prevails as long as 100570 is support
Jan 17, 2025 9:42 AM
the upside prevails as long as 100570 is support.
Our pivot point stands at 100570.
Our preference:
the upside prevails as long as 100570 is support.
Alternative scenario:
below 100570, expect 99010 and 98080.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 101299 and 100193).
Supports and resistances:
106630 **
105690 *
104760 **
103830
101820 last
101190
100570 **
99010 *
98080 **
Our preference:
the upside prevails as long as 100570 is support.
Alternative scenario:
below 100570, expect 99010 and 98080.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 101299 and 100193).
Supports and resistances:
106630 **
105690 *
104760 **
103830
101820 last
101190
100570 **
99010 *
98080 **
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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