Bitcoin Intraday: below its lower Bollinger band
Mar 13, 2025 2:02 PM
the downside prevails as long as 82960 is resistance.
Our pivot point stands at 82960.
Our preference:
the downside prevails as long as 82960 is resistance.
Alternative scenario:
the upside breakout of 82960, would call for 84500 and 85420.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 82954 and 82960). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (81964).
Supports and resistances:
85420 **
84500 *
82960 **
82350
81701 last
79870
78950 **
78030 *
77110 **
Our preference:
the downside prevails as long as 82960 is resistance.
Alternative scenario:
the upside breakout of 82960, would call for 84500 and 85420.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 82954 and 82960). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (81964).
Supports and resistances:
85420 **
84500 *
82960 **
82350
81701 last
79870
78950 **
78030 *
77110 **
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