Bitcoin Intraday: target 79010
Mar 12, 2025 5:05 AM
target 79010.
Our pivot point stands at 83040.
Our preference:
target 79010.
Alternative scenario:
above 83040, look for 84580 and 85500.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (82689) but above its 50 period moving average (81767).
Supports and resistances:
85500 **
84580 *
83040 **
82430
81826 last
79930
79010 **
78090 *
77170 **
Our preference:
target 79010.
Alternative scenario:
above 83040, look for 84580 and 85500.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (82689) but above its 50 period moving average (81767).
Supports and resistances:
85500 **
84580 *
83040 **
82430
81826 last
79930
79010 **
78090 *
77170 **
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