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Bitcoin Intraday: the upside prevails as long as 72880 is support
Mar 16, 2026 11:36 PM
the upside prevails as long as 72880 is support.
Our pivot point stands at 72880.
Our preference:
the upside prevails as long as 72880 is support.
Alternative scenario:
the downside breakout of 72880 would call for 71120 and 70080.
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 74020 and 73594).
Supports and resistances:
78970 *
77910 **
76860
74487 last
72880 **
71120 *
70080 **
Our preference:
the upside prevails as long as 72880 is support.
Alternative scenario:
the downside breakout of 72880 would call for 71120 and 70080.
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 74020 and 73594).
Supports and resistances:
78970 *
77910 **
76860
74487 last
72880 **
71120 *
70080 **
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