Bitcoin Intraday: the downside prevails as long as 95500 is resistance

Bitcoin (BTC/USD)
+983.79+1.02%
the downside prevails as long as 95500 is resistance.
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Our pivot point is at 95500.

Our preference: the downside prevails as long as 95500 is resistance.

Alternative scenario: the upside breakout of 95500, would call for 97150 and 98140.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 94372 and 94504).

Supports and resistances:
98140 **
97150 *
95500 **
94850
94180 last
92150
91170 **
90180 *
89200 **

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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