Bitcoin Intraday: rebound towards 85850
Mar 4, 2025 7:51 AM
rebound towards 85850.
Our pivot point stands at 82470.
Our preference:
rebound towards 85850.
Alternative scenario:
the downside breakout of 82470 would call for 81300 and 80590.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 84599 and 87994).
Supports and resistances:
87260 **
86560 *
85850 **
85150
83397 last
82930
82470 **
81300 *
80590 **
Our preference:
rebound towards 85850.
Alternative scenario:
the downside breakout of 82470 would call for 81300 and 80590.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 84599 and 87994).
Supports and resistances:
87260 **
86560 *
85850 **
85150
83397 last
82930
82470 **
81300 *
80590 **
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