Bitcoin Intraday: the upside prevails as long as 80400 is support
Mar 11, 2025 9:47 AM
the upside prevails as long as 80400 is support.
Our pivot point stands at 80400.
Our preference:
the upside prevails as long as 80400 is support.
Alternative scenario:
the downside breakout of 80400 would call for 78910 and 78020.
Comment:
the RSI is above its neutrality area at 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 79798 and 80108).
Supports and resistances:
86270 **
85380 *
84490 **
83600
81656 last
80980
80400 **
78910 *
78020 **
Our preference:
the upside prevails as long as 80400 is support.
Alternative scenario:
the downside breakout of 80400 would call for 78910 and 78020.
Comment:
the RSI is above its neutrality area at 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 79798 and 80108).
Supports and resistances:
86270 **
85380 *
84490 **
83600
81656 last
80980
80400 **
78910 *
78020 **
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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