Bitcoin Intraday: above its upper Bollinger band
Mar 26, 2025 7:50 AM
the upside prevails as long as 86670 is support.
Our pivot point is at 86670.
Our preference:
the upside prevails as long as 86670 is support.
Alternative scenario:
the downside breakout of 86670 would call for 84980 and 83970.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 87564 and 87547). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (88135).
Supports and resistances:
93300 **
92290 *
91280 **
90270
88250 last
87340
86670 **
84980 *
83970 **
Our preference:
the upside prevails as long as 86670 is support.
Alternative scenario:
the downside breakout of 86670 would call for 84980 and 83970.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 87564 and 87547). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (88135).
Supports and resistances:
93300 **
92290 *
91280 **
90270
88250 last
87340
86670 **
84980 *
83970 **
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