Bitcoin Short Term: the downside prevails as long as 90260 is resistance
Mar 11, 2025 11:06 AM
the downside prevails as long as 90260 is resistance.
Our pivot point stands at 90260.
Our preference:
the downside prevails as long as 90260 is resistance.
Alternative scenario:
above 90260, look for 100970 and 107340.
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 88439 and 95124).
Supports and resistances:
107340 **
100970 *
90260 **
86060
81793 last
64690
58730 **
52760 *
46800 **
Our preference:
the downside prevails as long as 90260 is resistance.
Alternative scenario:
above 90260, look for 100970 and 107340.
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 88439 and 95124).
Supports and resistances:
107340 **
100970 *
90260 **
86060
81793 last
64690
58730 **
52760 *
46800 **
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