Our pivot point stands at 110370.
Our preference: under pressure below 110370.
Alternative scenario: above 110370, look for 111540 and 112240.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 110123 and 109424). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (109309).
Supports and resistances:
112240 **
111540 *
110370 **
109910
108737 last
107070
106380 **
105690 *
105000 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 14:59 UTC+1
Price reference: 108737 last known on 09-02-2025 at 14:59 UTC+1
Investment horizon: INTRADAY
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