Bitcoin Intraday: as long as 83810 is support look for 87110
Mar 1, 2025 7:50 AM
as long as 83810 is support look for 87110.
Our pivot point stands at 83810.
Our preference:
as long as 83810 is support look for 87110.
Alternative scenario:
the downside breakout of 83810 would call for 82610 and 81900.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (84856) but above its 50 period moving average (83182).
Supports and resistances:
88540 **
87820 *
87110 **
86400
84791 last
84280
83810 **
82610 *
81900 **
Our preference:
as long as 83810 is support look for 87110.
Alternative scenario:
the downside breakout of 83810 would call for 82610 and 81900.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (84856) but above its 50 period moving average (83182).
Supports and resistances:
88540 **
87820 *
87110 **
86400
84791 last
84280
83810 **
82610 *
81900 **
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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