Bitcoin Intraday: our next up target stands at 92580
Mar 7, 2025 9:41 AM
our next up target stands at 92580.
Our pivot point is at 87810.
Our preference:
our next up target stands at 92580.
Alternative scenario:
below 87810, expect 86180 and 85210.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 87836 and 89080).
Supports and resistances:
94530 **
93550 *
92580 **
91600
89140 last
88450
87810 **
86180 *
85210 **
Our preference:
our next up target stands at 92580.
Alternative scenario:
below 87810, expect 86180 and 85210.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 87836 and 89080).
Supports and resistances:
94530 **
93550 *
92580 **
91600
89140 last
88450
87810 **
86180 *
85210 **
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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