Bitcoin Intraday: the downside prevails as long as 83110 is resistance
Mar 12, 2025 7:50 AM
the downside prevails as long as 83110 is resistance.
Our pivot point stands at 83110.
Our preference:
the downside prevails as long as 83110 is resistance.
Alternative scenario:
the upside breakout of 83110, would call for 84650 and 85570.
Comment:
the RSI is below 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 82381 and 81929).
Supports and resistances:
85570 **
84650 *
83110 **
82500
81892 last
79750
78840 **
77920 *
77000 **
Our preference:
the downside prevails as long as 83110 is resistance.
Alternative scenario:
the upside breakout of 83110, would call for 84650 and 85570.
Comment:
the RSI is below 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 82381 and 81929).
Supports and resistances:
85570 **
84650 *
83110 **
82500
81892 last
79750
78840 **
77920 *
77000 **
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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