Bitcoin Intraday: above its upper Bollinger band
Mar 5, 2025 9:42 AM
the upside prevails as long as 87100 is support.
Our pivot point is at 87100.
Our preference:
the upside prevails as long as 87100 is support.
Alternative scenario:
the downside breakout of 87100 would call for 85480 and 84520.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 87400 and 85984). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (88383).
Supports and resistances:
93580 **
92610 *
91650 **
90680
88422 last
87730
87100 **
85480 *
84520 **
Our preference:
the upside prevails as long as 87100 is support.
Alternative scenario:
the downside breakout of 87100 would call for 85480 and 84520.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 87400 and 85984). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (88383).
Supports and resistances:
93580 **
92610 *
91650 **
90680
88422 last
87730
87100 **
85480 *
84520 **
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