Bitcoin Intraday: rebound towards 87290
Mar 21, 2025 1:05 AM
rebound towards 87290.
Our pivot point is at 83140.
Our preference:
rebound towards 87290.
Alternative scenario:
the downside breakout of 83140 would call for 81550 and 80600.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (84173) but under its 50 period moving average (85125).
Supports and resistances:
89190 **
88240 *
87290 **
86340
84400 last
83770
83140 **
81550 *
80600 **
Our preference:
rebound towards 87290.
Alternative scenario:
the downside breakout of 83140 would call for 81550 and 80600.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (84173) but under its 50 period moving average (85125).
Supports and resistances:
89190 **
88240 *
87290 **
86340
84400 last
83770
83140 **
81550 *
80600 **
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