Bitcoin Intraday: the upside prevails as long as 79970 is support
Apr 11, 2025 8:43 AM
the upside prevails as long as 79970 is support.
79970 is our pivot point.
Our preference:
the upside prevails as long as 79970 is support.
Alternative scenario:
the downside breakout of 79970 would call for 78370 and 77420.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 80501 and 80489).
Supports and resistances:
86550 **
85590 *
84640 **
83680
81657 last
80590
79970 **
78370 *
77420 **
Our preference:
the upside prevails as long as 79970 is support.
Alternative scenario:
the downside breakout of 79970 would call for 78370 and 77420.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 80501 and 80489).
Supports and resistances:
86550 **
85590 *
84640 **
83680
81657 last
80590
79970 **
78370 *
77420 **
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