Bitcoin Intraday: the upside prevails as long as 85500 is support
Mar 24, 2025 7:52 AM
the upside prevails as long as 85500 is support.
Our pivot point stands at 85500.
Our preference:
the upside prevails as long as 85500 is support.
Alternative scenario:
the downside breakout of 85500 would call for 83860 and 82880.
Comment:
the RSI is above 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 86314 and 85419).
Supports and resistances:
91870 **
90900 *
89920 **
88940
86958 last
86150
85500 **
83860 *
82880 **
Our preference:
the upside prevails as long as 85500 is support.
Alternative scenario:
the downside breakout of 85500 would call for 83860 and 82880.
Comment:
the RSI is above 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 86314 and 85419).
Supports and resistances:
91870 **
90900 *
89920 **
88940
86958 last
86150
85500 **
83860 *
82880 **
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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