Bitcoin Intraday: rebound towards 85400
Mar 4, 2025 2:02 PM
rebound towards 85400.
Our pivot point stands at 81510.
Our preference:
rebound towards 85400.
Alternative scenario:
below 81510, expect 80000 and 79100.
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 83580 and 85697).
Supports and resistances:
87200 **
86300 *
85400 **
84500
82700 last
82110
81510 **
80000 *
79100 **
Our preference:
rebound towards 85400.
Alternative scenario:
below 81510, expect 80000 and 79100.
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 83580 and 85697).
Supports and resistances:
87200 **
86300 *
85400 **
84500
82700 last
82110
81510 **
80000 *
79100 **
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