Bitcoin Short Term: the downside prevails as long as 95340 is resistance
Mar 4, 2025 11:06 AM
the downside prevails as long as 95340 is resistance.
Our pivot point is at 95340.
Our preference:
the downside prevails as long as 95340 is resistance.
Alternative scenario:
above 95340, look for 106320 and 112860.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92336 and 97343).
Supports and resistances:
112860 **
106320 *
95340 **
91030
83856 last
69990
63770 **
57560 *
51350 **
Our preference:
the downside prevails as long as 95340 is resistance.
Alternative scenario:
above 95340, look for 106320 and 112860.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92336 and 97343).
Supports and resistances:
112860 **
106320 *
95340 **
91030
83856 last
69990
63770 **
57560 *
51350 **
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