Bitcoin Intraday: target 89410
Mar 3, 2025 9:41 AM
target 89410.
92990 is our pivot point.
Our preference:
target 89410.
Alternative scenario:
the upside breakout of 92990, would call for 94280 and 95060.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (92578) but above its 50 period moving average (90966).
Supports and resistances:
95060 **
94280 *
92990 **
92480
91830 last
90180
89410 **
88640 *
87870 **
Our preference:
target 89410.
Alternative scenario:
the upside breakout of 92990, would call for 94280 and 95060.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (92578) but above its 50 period moving average (90966).
Supports and resistances:
95060 **
94280 *
92990 **
92480
91830 last
90180
89410 **
88640 *
87870 **
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