Bitcoin Intraday: the upside prevails as long as 85180 is support
Mar 2, 2025 7:50 AM
the upside prevails as long as 85180 is support.
85180 is our pivot point.
Our preference:
the upside prevails as long as 85180 is support.
Alternative scenario:
below 85180, expect 83970 and 83240.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 85971 and 85403).
Supports and resistances:
89920 **
89190 *
88470 **
87740
86238 last
85660
85180 **
83970 *
83240 **
Our preference:
the upside prevails as long as 85180 is support.
Alternative scenario:
below 85180, expect 83970 and 83240.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 85971 and 85403).
Supports and resistances:
89920 **
89190 *
88470 **
87740
86238 last
85660
85180 **
83970 *
83240 **
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