Bitcoin Intraday: the downside prevails as long as 85060 is resistance
Mar 4, 2025 3:05 AM
the downside prevails as long as 85060 is resistance.
85060 is our pivot point.
Our preference:
the downside prevails as long as 85060 is resistance.
Alternative scenario:
the upside breakout of 85060, would call for 86250 and 86960.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 85915 and 89608).
Supports and resistances:
86960 **
86250 *
85060 **
84600
84049 last
82500
81800 **
81090 *
80390 **
Our preference:
the downside prevails as long as 85060 is resistance.
Alternative scenario:
the upside breakout of 85060, would call for 86250 and 86960.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 85915 and 89608).
Supports and resistances:
86960 **
86250 *
85060 **
84600
84049 last
82500
81800 **
81090 *
80390 **
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