Bitcoin Intraday: the upside prevails as long as 93240 is support
Apr 29, 2025 2:04 AM
the upside prevails as long as 93240 is support.
Our pivot point stands at 93240.
Our preference:
the upside prevails as long as 93240 is support.
Alternative scenario:
the downside breakout of 93240 would call for 91170 and 89950.
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 94595 and 94491).
Supports and resistances:
101090 **
99860 *
98630 **
97410
94865 last
94050
93240 **
91170 *
89950 **
Our preference:
the upside prevails as long as 93240 is support.
Alternative scenario:
the downside breakout of 93240 would call for 91170 and 89950.
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 94595 and 94491).
Supports and resistances:
101090 **
99860 *
98630 **
97410
94865 last
94050
93240 **
91170 *
89950 **
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