Bitcoin Intraday: the upside prevails as long as 79510 is support
Apr 11, 2025 4:06 AM
the upside prevails as long as 79510 is support.
Our pivot point stands at 79510.
Our preference:
the upside prevails as long as 79510 is support.
Alternative scenario:
the downside breakout of 79510 would call for 77930 and 76980.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 79854 and 80641).
Supports and resistances:
85520 **
84570 *
83630 **
82680
80760 last
80140
79510 **
77930 *
76980 **
Our preference:
the upside prevails as long as 79510 is support.
Alternative scenario:
the downside breakout of 79510 would call for 77930 and 76980.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 79854 and 80641).
Supports and resistances:
85520 **
84570 *
83630 **
82680
80760 last
80140
79510 **
77930 *
76980 **
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