Bitcoin Intraday: the upside prevails as long as 96440 is support
Feb 20, 2025 2:02 PM
the upside prevails as long as 96440 is support.
96440 is our pivot point.
Our preference:
the upside prevails as long as 96440 is support.
Alternative scenario:
the downside breakout of 96440 would call for 95100 and 94300.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 97191 and 96728).
Supports and resistances:
101500 **
100700 *
99900 **
99100
97500 last
96970
96440 **
95100 *
94300 **
Our preference:
the upside prevails as long as 96440 is support.
Alternative scenario:
the downside breakout of 96440 would call for 95100 and 94300.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 97191 and 96728).
Supports and resistances:
101500 **
100700 *
99900 **
99100
97500 last
96970
96440 **
95100 *
94300 **
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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