Bitcoin Intraday: as long as 83810 is support look for 87110
Mar 1, 2025 7:50 AM
as long as 83810 is support look for 87110.
Our pivot point stands at 83810.
Our preference:
as long as 83810 is support look for 87110.
Alternative scenario:
the downside breakout of 83810 would call for 82610 and 81900.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (84856) but above its 50 period moving average (83182).
Supports and resistances:
88540 **
87820 *
87110 **
86400
84791 last
84280
83810 **
82610 *
81900 **
Our preference:
as long as 83810 is support look for 87110.
Alternative scenario:
the downside breakout of 83810 would call for 82610 and 81900.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (84856) but above its 50 period moving average (83182).
Supports and resistances:
88540 **
87820 *
87110 **
86400
84791 last
84280
83810 **
82610 *
81900 **
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