Bitcoin Intraday: rebound towards 94220
Feb 25, 2025 5:05 AM
rebound towards 94220.
90730 is our pivot point.
Our preference:
rebound towards 94220.
Alternative scenario:
the downside breakout of 90730 would call for 89460 and 88710.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92566 and 94204).
Supports and resistances:
95730 **
94980 *
94220 **
93470
91777 last
91220
90730 **
89460 *
88710 **
Our preference:
rebound towards 94220.
Alternative scenario:
the downside breakout of 90730 would call for 89460 and 88710.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92566 and 94204).
Supports and resistances:
95730 **
94980 *
94220 **
93470
91777 last
91220
90730 **
89460 *
88710 **
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