Bitcoin Intraday: rebound
Feb 24, 2025 7:50 AM
rebound.
Our pivot point is at 94750.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 94750 would call for 93430 and 92650.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95797 and 95861).
Supports and resistances:
99850 **
99060 *
98280 **
97490
95791 last
95270
94750 **
93430 *
92650 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 94750 would call for 93430 and 92650.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95797 and 95861).
Supports and resistances:
99850 **
99060 *
98280 **
97490
95791 last
95270
94750 **
93430 *
92650 **
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