Bitcoin Intraday: the upside prevails as long as 83240 is support
Apr 14, 2025 4:05 AM
the upside prevails as long as 83240 is support.
Our pivot point stands at 83240.
Our preference:
the upside prevails as long as 83240 is support.
Alternative scenario:
the downside breakout of 83240 would call for 81580 and 80590.
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 84185 and 84348).
Supports and resistances:
89570 **
88580 *
87590 **
86600
84622 last
83900
83240 **
81580 *
80590 **
Our preference:
the upside prevails as long as 83240 is support.
Alternative scenario:
the downside breakout of 83240 would call for 81580 and 80590.
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 84185 and 84348).
Supports and resistances:
89570 **
88580 *
87590 **
86600
84622 last
83900
83240 **
81580 *
80590 **
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