Bitcoin Intraday: the downside prevails as long as 84420 is resistance
Mar 18, 2025 7:50 AM
the downside prevails as long as 84420 is resistance.
Our pivot point is at 84420.
Our preference:
the downside prevails as long as 84420 is resistance.
Alternative scenario:
above 84420, look for 85990 and 86920.
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 83349 and 83518).
Supports and resistances:
86920 **
85990 *
84420 **
83800
83185 last
81140
80200 **
79270 *
78340 **
Our preference:
the downside prevails as long as 84420 is resistance.
Alternative scenario:
above 84420, look for 85990 and 86920.
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 83349 and 83518).
Supports and resistances:
86920 **
85990 *
84420 **
83800
83185 last
81140
80200 **
79270 *
78340 **
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