Bitcoin Intraday: the upside prevails as long as 88190 is support
Mar 5, 2025 2:02 PM
the upside prevails as long as 88190 is support.
Our pivot point stands at 88190.
Our preference:
the upside prevails as long as 88190 is support.
Alternative scenario:
the downside breakout of 88190 would call for 86560 and 85590.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 88573 and 87103).
Supports and resistances:
94350 **
93370 *
92400 **
91430
89479 last
88840
88190 **
86560 *
85590 **
Our preference:
the upside prevails as long as 88190 is support.
Alternative scenario:
the downside breakout of 88190 would call for 86560 and 85590.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 88573 and 87103).
Supports and resistances:
94350 **
93370 *
92400 **
91430
89479 last
88840
88190 **
86560 *
85590 **
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