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Bitcoin Intraday: the downside prevails as long as 78740 is resistance

Mar 11, 2025 1:05 AM
the downside prevails as long as 78740 is resistance.
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78740 is our pivot point.
Our preference:
the downside prevails as long as 78740 is resistance.
Alternative scenario:
above 78740, look for 80160 and 81000.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 78781 and 80727).
Supports and resistances:
81000 **
80160 *
78740 **
78180
77312 last
75560
74720 **
73880 *
73040 **
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