Bitcoin Intraday: the downside prevails as long as 85560 is resistance
Feb 26, 2025 11:23 PM
the downside prevails as long as 85560 is resistance.
Our pivot point stands at 85560.
Our preference:
the downside prevails as long as 85560 is resistance.
Alternative scenario:
the upside breakout of 85560, would call for 86760 and 87470.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 85390 and 87335).
Supports and resistances:
87470 **
86760 *
85560 **
85090
84002 last
82590
81880 **
81180 *
80470 **
Our preference:
the downside prevails as long as 85560 is resistance.
Alternative scenario:
the upside breakout of 85560, would call for 86760 and 87470.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 85390 and 87335).
Supports and resistances:
87470 **
86760 *
85560 **
85090
84002 last
82590
81880 **
81180 *
80470 **
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