Bitcoin Intraday: the upside prevails as long as 90940 is support
Mar 6, 2025 5:05 AM
the upside prevails as long as 90940 is support.

Our pivot point stands at 90940.
Our preference:
the upside prevails as long as 90940 is support.
Alternative scenario:
below 90940, expect 89250 and 88250.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 90841 and 89575).
Supports and resistances:
97380 **
96380 *
95370 **
94370
92358 last
91600
90940 **
89250 *
88250 **
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