Bitcoin Intraday: the upside prevails as long as 80760 is support
Apr 11, 2025 1:02 PM
the upside prevails as long as 80760 is support.
Our pivot point stands at 80760.
Our preference:
the upside prevails as long as 80760 is support.
Alternative scenario:
the downside breakout of 80760 would call for 79150 and 78190.
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 trading above both its 20 and 50 period moving average (respectively at 81574 and 80580).
Supports and resistances:
86830 **
85870 *
84910 **
83950
82031 last
81400
80760 **
79150 *
78190 **
Our preference:
the upside prevails as long as 80760 is support.
Alternative scenario:
the downside breakout of 80760 would call for 79150 and 78190.
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 trading above both its 20 and 50 period moving average (respectively at 81574 and 80580).
Supports and resistances:
86830 **
85870 *
84910 **
83950
82031 last
81400
80760 **
79150 *
78190 **
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