Bitcoin Intraday: the upside prevails as long as 87800 is support
Mar 7, 2025 2:02 PM
the upside prevails as long as 87800 is support.
Our pivot point is at 87800.
Our preference:
the upside prevails as long as 87800 is support.
Alternative scenario:
the downside breakout of 87800 would call for 86170 and 85200.
Comment:
the RSI is above 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 88693 and 88756).
Supports and resistances:
93950 **
92980 *
92010 **
91040
89100 last
88440
87800 **
86170 *
85200 **
Our preference:
the upside prevails as long as 87800 is support.
Alternative scenario:
the downside breakout of 87800 would call for 86170 and 85200.
Comment:
the RSI is above 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 88693 and 88756).
Supports and resistances:
93950 **
92980 *
92010 **
91040
89100 last
88440
87800 **
86170 *
85200 **
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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