Bitcoin Intraday: the downside prevails as long as 82710 is resistance
Mar 10, 2025 2:02 PM
the downside prevails as long as 82710 is resistance.
Our pivot point stands at 82710.
Our preference:
the downside prevails as long as 82710 is resistance.
Alternative scenario:
the upside breakout of 82710, would call for 84200 and 85090.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 82373 and 82290).
Supports and resistances:
85090 **
84200 *
82710 **
82130
81540 last
79770
78880 **
77990 *
77100 **
Our preference:
the downside prevails as long as 82710 is resistance.
Alternative scenario:
the upside breakout of 82710, would call for 84200 and 85090.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 82373 and 82290).
Supports and resistances:
85090 **
84200 *
82710 **
82130
81540 last
79770
78880 **
77990 *
77100 **
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