Bitcoin Intraday: the downside prevails as long as 84390 is resistance
Mar 16, 2025 8:50 PM
the downside prevails as long as 84390 is resistance.
Our pivot point stands at 84390.
Our preference:
the downside prevails as long as 84390 is resistance.
Alternative scenario:
above 84390, look for 85960 and 86900.
Comment:
the RSI is below its neutrality area at 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 83229 and 83819).
Supports and resistances:
86900 **
85960 *
84390 **
83780
82976 last
81060
80130 **
79200 *
78260 **
Our preference:
the downside prevails as long as 84390 is resistance.
Alternative scenario:
above 84390, look for 85960 and 86900.
Comment:
the RSI is below its neutrality area at 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 83229 and 83819).
Supports and resistances:
86900 **
85960 *
84390 **
83780
82976 last
81060
80130 **
79200 *
78260 **
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.
Related Instruments
Bitcoin
115859.490
1493.500
+1.31%
