Bitcoin Intraday: the upside prevails as long as 88600 is support
Mar 5, 2025 8:52 PM
the upside prevails as long as 88600 is support.
Our pivot point is at 88600.
Our preference:
the upside prevails as long as 88600 is support.
Alternative scenario:
the downside breakout of 88600 would call for 86960 and 85980.
Comment:
the RSI is above 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 89476 and 88365).
Supports and resistances:
95320 **
94330 *
93350 **
92370
90400 last
89250
88600 **
86960 *
85980 **
Our preference:
the upside prevails as long as 88600 is support.
Alternative scenario:
the downside breakout of 88600 would call for 86960 and 85980.
Comment:
the RSI is above 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 89476 and 88365).
Supports and resistances:
95320 **
94330 *
93350 **
92370
90400 last
89250
88600 **
86960 *
85980 **
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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