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Bitcoin Short Term: rebound towards 88530
Mar 3, 2026 11:06 AM
rebound towards 88530.
58220 is our pivot point.
Our preference:
rebound towards 88530.
Alternative scenario:
the downside breakout of 58220 would call for 47870 and 41700.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67270 and 76785).
Supports and resistances:
101390 **
94960 *
88530 **
82100
66995 last
62290
58220 **
47870 *
41700 **
Our preference:
rebound towards 88530.
Alternative scenario:
the downside breakout of 58220 would call for 47870 and 41700.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67270 and 76785).
Supports and resistances:
101390 **
94960 *
88530 **
82100
66995 last
62290
58220 **
47870 *
41700 **
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