Bitcoin Intraday: the upside prevails as long as 94560 is support
Feb 19, 2025 7:50 AM
the upside prevails as long as 94560 is support.
Our pivot point is at 94560.
Our preference:
the upside prevails as long as 94560 is support.
Alternative scenario:
the downside breakout of 94560 would call for 93240 and 92450.
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 95432 and 95292).
Supports and resistances:
99670 **
98880 *
98100 **
97310
95740 last
95070
94560 **
93240 *
92450 **
Our preference:
the upside prevails as long as 94560 is support.
Alternative scenario:
the downside breakout of 94560 would call for 93240 and 92450.
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 95432 and 95292).
Supports and resistances:
99670 **
98880 *
98100 **
97310
95740 last
95070
94560 **
93240 *
92450 **
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