Bitcoin Intraday: rebound towards 89270
Mar 8, 2025 7:50 AM
rebound towards 89270.
Our pivot point is at 85040.
Our preference:
rebound towards 89270.
Alternative scenario:
the downside breakout of 85040 would call for 83460 and 82520.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (86305) but below its 50 period moving average (87555).
Supports and resistances:
91150 **
90210 *
89270 **
88330
86405 last
85660
85040 **
83460 *
82520 **
Our preference:
rebound towards 89270.
Alternative scenario:
the downside breakout of 85040 would call for 83460 and 82520.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (86305) but below its 50 period moving average (87555).
Supports and resistances:
91150 **
90210 *
89270 **
88330
86405 last
85660
85040 **
83460 *
82520 **
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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Bitcoin
116127.330
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