Bitcoin Intraday: the upside prevails as long as 83140 is support
Apr 17, 2025 8:44 AM
the upside prevails as long as 83140 is support.
Our pivot point is at 83140.
Our preference:
the upside prevails as long as 83140 is support.
Alternative scenario:
the downside breakout of 83140 would call for 81300 and 80200.
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 trading above both its 20 and 50 period moving average (respectively at 84325 and 84275).
Supports and resistances:
90120 **
89020 *
87930 **
86830
84633 last
83860
83140 **
81300 *
80200 **
Our preference:
the upside prevails as long as 83140 is support.
Alternative scenario:
the downside breakout of 83140 would call for 81300 and 80200.
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 trading above both its 20 and 50 period moving average (respectively at 84325 and 84275).
Supports and resistances:
90120 **
89020 *
87930 **
86830
84633 last
83860
83140 **
81300 *
80200 **
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