Bitcoin Intraday: the downside prevails as long as 84330 is resistance
Mar 18, 2025 5:05 AM
the downside prevails as long as 84330 is resistance.
Our pivot point is at 84330.
Our preference:
the downside prevails as long as 84330 is resistance.
Alternative scenario:
the upside breakout of 84330, would call for 85900 and 86830.
Comment:
the RSI is below 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 83664 and 83554).
Supports and resistances:
86830 **
85900 *
84330 **
83720
83099 last
81120
80190 **
79250 *
78320 **
Our preference:
the downside prevails as long as 84330 is resistance.
Alternative scenario:
the upside breakout of 84330, would call for 85900 and 86830.
Comment:
the RSI is below 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 83664 and 83554).
Supports and resistances:
86830 **
85900 *
84330 **
83720
83099 last
81120
80190 **
79250 *
78320 **
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