Bitcoin Intraday: the upside prevails as long as 85950 is support
Mar 24, 2025 9:41 AM
the upside prevails as long as 85950 is support.
Our pivot point stands at 85950.
Our preference:
the upside prevails as long as 85950 is support.
Alternative scenario:
below 85950, expect 84300 and 83310.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 86645 and 85665).
Supports and resistances:
92260 **
91280 *
90290 **
89310
87339 last
86600
85950 **
84300 *
83310 **
Our preference:
the upside prevails as long as 85950 is support.
Alternative scenario:
below 85950, expect 84300 and 83310.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 86645 and 85665).
Supports and resistances:
92260 **
91280 *
90290 **
89310
87339 last
86600
85950 **
84300 *
83310 **
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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