Bitcoin Intraday: rebound towards 90590
Mar 7, 2025 5:05 AM
rebound towards 90590.
Our pivot point stands at 86390.
Our preference:
rebound towards 90590.
Alternative scenario:
the downside breakout of 86390 would call for 84790 and 83830.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88323 and 89690).
Supports and resistances:
92500 **
91550 *
90590 **
89640
87731 last
87020
86390 **
84790 *
83830 **
Our preference:
rebound towards 90590.
Alternative scenario:
the downside breakout of 86390 would call for 84790 and 83830.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88323 and 89690).
Supports and resistances:
92500 **
91550 *
90590 **
89640
87731 last
87020
86390 **
84790 *
83830 **
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