Bitcoin Intraday: rebound
Mar 21, 2025 8:50 PM
rebound.
Our pivot point stands at 82830.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 82830 would call for 81230 and 80290.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (83938) but under its 50 period moving average (84138).
Supports and resistances:
88840 **
87890 *
86940 **
86000
84075 last
83450
82830 **
81230 *
80290 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 82830 would call for 81230 and 80290.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (83938) but under its 50 period moving average (84138).
Supports and resistances:
88840 **
87890 *
86940 **
86000
84075 last
83450
82830 **
81230 *
80290 **
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