Bitcoin Intraday: the downside prevails as long as 78740 is resistance
Mar 11, 2025 1:05 AM
the downside prevails as long as 78740 is resistance.
78740 is our pivot point.
Our preference:
the downside prevails as long as 78740 is resistance.
Alternative scenario:
above 78740, look for 80160 and 81000.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 78781 and 80727).
Supports and resistances:
81000 **
80160 *
78740 **
78180
77312 last
75560
74720 **
73880 *
73040 **
Our preference:
the downside prevails as long as 78740 is resistance.
Alternative scenario:
above 78740, look for 80160 and 81000.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 78781 and 80727).
Supports and resistances:
81000 **
80160 *
78740 **
78180
77312 last
75560
74720 **
73880 *
73040 **
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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