Bitcoin Intraday: the upside prevails as long as 86520 is support
Mar 4, 2025 8:50 PM
the upside prevails as long as 86520 is support.
86520 is our pivot point.
Our preference:
the upside prevails as long as 86520 is support.
Alternative scenario:
below 86520, expect 84910 and 83960.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 84564 and 84568).
Supports and resistances:
93220 **
92260 *
91300 **
90340
87900 last
87150
86520 **
84910 *
83960 **
Our preference:
the upside prevails as long as 86520 is support.
Alternative scenario:
below 86520, expect 84910 and 83960.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 84564 and 84568).
Supports and resistances:
93220 **
92260 *
91300 **
90340
87900 last
87150
86520 **
84910 *
83960 **
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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