Our pivot point stands at 88290.
Our preference: the downside prevails as long as 88290 is resistance.
Alternative scenario: above 88290, look for 89630 and 90430.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 90726 and 90973). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (87882).
Supports and resistances:
90430 **
89630 *
88290 **
87760
87238 last
85460
84660 **
83870 *
83070 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-01-2025 at 02:04 UTC+1
Price reference: 87238 last known on 12-01-2025 at 02:04 UTC+1
Investment horizon: INTRADAY
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