Bitcoin Intraday: the upside prevails as long as 88190 is support
Mar 5, 2025 2:02 PM
the upside prevails as long as 88190 is support.
Our pivot point stands at 88190.
Our preference:
the upside prevails as long as 88190 is support.
Alternative scenario:
the downside breakout of 88190 would call for 86560 and 85590.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 88573 and 87103).
Supports and resistances:
94350 **
93370 *
92400 **
91430
89479 last
88840
88190 **
86560 *
85590 **
Our preference:
the upside prevails as long as 88190 is support.
Alternative scenario:
the downside breakout of 88190 would call for 86560 and 85590.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 88573 and 87103).
Supports and resistances:
94350 **
93370 *
92400 **
91430
89479 last
88840
88190 **
86560 *
85590 **
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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