Bitcoin Intraday: the upside prevails as long as 94650 is support
Feb 19, 2025 3:05 AM
the upside prevails as long as 94650 is support.
Our pivot point is at 94650.
Our preference:
the upside prevails as long as 94650 is support.
Alternative scenario:
the downside breakout of 94650 would call for 93330 and 92550.
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 trading above both its 20 and 50 period moving average (respectively at 94898 and 95367).
Supports and resistances:
99650 **
98860 *
98080 **
97290
95686 last
95170
94650 **
93330 *
92550 **
Our preference:
the upside prevails as long as 94650 is support.
Alternative scenario:
the downside breakout of 94650 would call for 93330 and 92550.
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 trading above both its 20 and 50 period moving average (respectively at 94898 and 95367).
Supports and resistances:
99650 **
98860 *
98080 **
97290
95686 last
95170
94650 **
93330 *
92550 **
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