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Bitcoin Intraday: look for a drop towards 65290 before a bounce
Mar 2, 2026 9:41 AM
look for a drop towards 65290 before a bounce.
Our pivot point stands at 65290.
Our preference:
look for a drop towards 65290 before a bounce.
Alternative scenario:
the downside breakout of 65290 would call for 63870 and 63020.
Comment:
the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66396 and 66301).
Supports and resistances:
70770 **
69930 *
69080 **
68230
66424 last
65840
65290 **
63870 *
63020 **
Our preference:
look for a drop towards 65290 before a bounce.
Alternative scenario:
the downside breakout of 65290 would call for 63870 and 63020.
Comment:
the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66396 and 66301).
Supports and resistances:
70770 **
69930 *
69080 **
68230
66424 last
65840
65290 **
63870 *
63020 **
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