Bitcoin Intraday: the upside prevails as long as 85270 is support
Feb 27, 2025 8:02 AM
the upside prevails as long as 85270 is support.
Our pivot point stands at 85270.
Our preference:
the upside prevails as long as 85270 is support.
Alternative scenario:
below 85270, expect 84050 and 83330.
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 above its 20 and 50 period moving average (respectively at 85079 and 86076).
Supports and resistances:
89840 **
89120 *
88400 **
87670
86222 last
85740
85270 **
84050 *
83330 **
Our preference:
the upside prevails as long as 85270 is support.
Alternative scenario:
below 85270, expect 84050 and 83330.
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 above its 20 and 50 period moving average (respectively at 85079 and 86076).
Supports and resistances:
89840 **
89120 *
88400 **
87670
86222 last
85740
85270 **
84050 *
83330 **
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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