Bitcoin Intraday: the upside prevails as long as 87810 is support
Feb 26, 2025 9:40 AM
the upside prevails as long as 87810 is support.
Our pivot point stands at 87810.
Our preference:
the upside prevails as long as 87810 is support.
Alternative scenario:
the downside breakout of 87810 would call for 86550 and 85810.
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 above its 20 and 50 period moving average (respectively at 88650 and 88283).
Supports and resistances:
92740 **
91990 *
91240 **
90500
89000 last
88300
87810 **
86550 *
85810 **
Our preference:
the upside prevails as long as 87810 is support.
Alternative scenario:
the downside breakout of 87810 would call for 86550 and 85810.
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 above its 20 and 50 period moving average (respectively at 88650 and 88283).
Supports and resistances:
92740 **
91990 *
91240 **
90500
89000 last
88300
87810 **
86550 *
85810 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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