Bitcoin Intraday: rebound towards 88280
Mar 4, 2025 1:05 AM
rebound towards 88280.
Our pivot point stands at 84970.
Our preference:
rebound towards 88280.
Alternative scenario:
the downside breakout of 84970 would call for 83760 and 83040.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 87236 and 90362).
Supports and resistances:
89730 **
89010 *
88280 **
87560
85923 last
85450
84970 **
83760 *
83040 **
Our preference:
rebound towards 88280.
Alternative scenario:
the downside breakout of 84970 would call for 83760 and 83040.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 87236 and 90362).
Supports and resistances:
89730 **
89010 *
88280 **
87560
85923 last
85450
84970 **
83760 *
83040 **
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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Bitcoin
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