Bitcoin Intraday: the downside prevails as long as 85770 is resistance
Mar 20, 2025 8:50 PM
the downside prevails as long as 85770 is resistance.
Our pivot point is at 85770.
Our preference:
the downside prevails as long as 85770 is resistance.
Alternative scenario:
above 85770, look for 87370 and 88330.
Comment:
the RSI is below 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 84780 and 85462).
Supports and resistances:
88330 **
87370 *
85770 **
85150
84516 last
82490
81540 **
80590 *
79640 **
Our preference:
the downside prevails as long as 85770 is resistance.
Alternative scenario:
above 85770, look for 87370 and 88330.
Comment:
the RSI is below 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 84780 and 85462).
Supports and resistances:
88330 **
87370 *
85770 **
85150
84516 last
82490
81540 **
80590 *
79640 **
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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