Bitcoin Intraday: the downside prevails as long as 90550 is resistance
Mar 6, 2025 8:50 PM
the downside prevails as long as 90550 is resistance.
Our pivot point is at 90550.
Our preference:
the downside prevails as long as 90550 is resistance.
Alternative scenario:
the upside breakout of 90550, would call for 92180 and 93150.
Comment:
the RSI is below its neutrality area at 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 89651 and 90536).
Supports and resistances:
93150 **
92180 *
90550 **
89910
88791 last
86780
85810 **
84850 *
83880 **
Our preference:
the downside prevails as long as 90550 is resistance.
Alternative scenario:
the upside breakout of 90550, would call for 92180 and 93150.
Comment:
the RSI is below its neutrality area at 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 89651 and 90536).
Supports and resistances:
93150 **
92180 *
90550 **
89910
88791 last
86780
85810 **
84850 *
83880 **
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