Bitcoin Intraday: the downside prevails as long as 89080 is resistance
Mar 7, 2025 8:50 PM
the downside prevails as long as 89080 is resistance.
Our pivot point stands at 89080.
Our preference:
the downside prevails as long as 89080 is resistance.
Alternative scenario:
the upside breakout of 89080, would call for 90680 and 91640.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88457 and 88434).
Supports and resistances:
91640 **
90680 *
89080 **
88450
87559 last
85000
84050 **
83110 *
82160 **
Our preference:
the downside prevails as long as 89080 is resistance.
Alternative scenario:
the upside breakout of 89080, would call for 90680 and 91640.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88457 and 88434).
Supports and resistances:
91640 **
90680 *
89080 **
88450
87559 last
85000
84050 **
83110 *
82160 **
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