Bitcoin Intraday: the upside prevails as long as 85180 is support
Mar 2, 2025 7:50 AM
the upside prevails as long as 85180 is support.
85180 is our pivot point.
Our preference:
the upside prevails as long as 85180 is support.
Alternative scenario:
below 85180, expect 83970 and 83240.
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 85971 and 85403).
Supports and resistances:
89920 **
89190 *
88470 **
87740
86238 last
85660
85180 **
83970 *
83240 **
Our preference:
the upside prevails as long as 85180 is support.
Alternative scenario:
below 85180, expect 83970 and 83240.
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 85971 and 85403).
Supports and resistances:
89920 **
89190 *
88470 **
87740
86238 last
85660
85180 **
83970 *
83240 **
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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