Bitcoin Intraday: technical rebound towards 96300 before a new drop
Feb 19, 2025 1:05 AM
technical rebound towards 96300 before a new drop.
Our pivot point is at 96300.
Our preference:
technical rebound towards 96300 before a new drop.
Alternative scenario:
the upside breakout of 96300, would call for 97620 and 98400.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (94785) but under its 50 period moving average (95404).
Supports and resistances:
98400 **
97620 *
96300 **
95790
95273 last
93690
92910 **
92120 *
91340 **
Our preference:
technical rebound towards 96300 before a new drop.
Alternative scenario:
the upside breakout of 96300, would call for 97620 and 98400.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (94785) but under its 50 period moving average (95404).
Supports and resistances:
98400 **
97620 *
96300 **
95790
95273 last
93690
92910 **
92120 *
91340 **
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1001.31
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