Bitcoin Intraday: the downside prevails as long as 104340 is resistance
Jan 18, 2025 7:50 AM
the downside prevails as long as 104340 is resistance.
Our pivot point is at 104340.
Our preference:
the downside prevails as long as 104340 is resistance.
Alternative scenario:
the upside breakout of 104340, would call for 105920 and 106870.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 103852 and 103607).
Supports and resistances:
106870 **
105920 *
104340 **
103710
102691 last
100810
99870 **
98930 *
97980 **
Our preference:
the downside prevails as long as 104340 is resistance.
Alternative scenario:
the upside breakout of 104340, would call for 105920 and 106870.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 103852 and 103607).
Supports and resistances:
106870 **
105920 *
104340 **
103710
102691 last
100810
99870 **
98930 *
97980 **
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