Bitcoin Intraday: rebound towards 85400
Mar 4, 2025 2:02 PM
rebound towards 85400.
Our pivot point stands at 81510.
Our preference:
rebound towards 85400.
Alternative scenario:
below 81510, expect 80000 and 79100.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83580 and 85697).
Supports and resistances:
87200 **
86300 *
85400 **
84500
82700 last
82110
81510 **
80000 *
79100 **
Our preference:
rebound towards 85400.
Alternative scenario:
below 81510, expect 80000 and 79100.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83580 and 85697).
Supports and resistances:
87200 **
86300 *
85400 **
84500
82700 last
82110
81510 **
80000 *
79100 **
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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