Bitcoin Intraday: the downside prevails as long as 85580 is resistance
Apr 2, 2025 6:50 AM
the downside prevails as long as 85580 is resistance.
Our pivot point stands at 85580.
Our preference:
the downside prevails as long as 85580 is resistance.
Alternative scenario:
the upside breakout of 85580, would call for 87200 and 88170.
Comment:
the RSI is below its neutrality area at 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 84809 and 84510).
Supports and resistances:
88170 **
87200 *
85580 **
84940
84214 last
82160
81190 **
80220 *
79260 **
Our preference:
the downside prevails as long as 85580 is resistance.
Alternative scenario:
the upside breakout of 85580, would call for 87200 and 88170.
Comment:
the RSI is below its neutrality area at 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 84809 and 84510).
Supports and resistances:
88170 **
87200 *
85580 **
84940
84214 last
82160
81190 **
80220 *
79260 **
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