Bitcoin Intraday: as long as 79580 is support look for 83610
Mar 11, 2025 2:02 PM
as long as 79580 is support look for 83610.
Our pivot point stands at 79580.
Our preference:
as long as 79580 is support look for 83610.
Alternative scenario:
the downside breakout of 79580 would call for 78060 and 77150.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (80990) but above its 50 period moving average (79874).
Supports and resistances:
85430 **
84520 *
83610 **
82710
80819 last
80180
79580 **
78060 *
77150 **
Our preference:
as long as 79580 is support look for 83610.
Alternative scenario:
the downside breakout of 79580 would call for 78060 and 77150.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (80990) but above its 50 period moving average (79874).
Supports and resistances:
85430 **
84520 *
83610 **
82710
80819 last
80180
79580 **
78060 *
77150 **
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