Bitcoin Intraday: the upside prevails as long as 86320 is support
Mar 25, 2025 2:02 PM
the upside prevails as long as 86320 is support.
Our pivot point stands at 86320.
Our preference:
the upside prevails as long as 86320 is support.
Alternative scenario:
the downside breakout of 86320 would call for 84640 and 83630.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 87001 and 87441).
Supports and resistances:
92660 **
91660 *
90660 **
89650
87647 last
86980
86320 **
84640 *
83630 **
Our preference:
the upside prevails as long as 86320 is support.
Alternative scenario:
the downside breakout of 86320 would call for 84640 and 83630.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 87001 and 87441).
Supports and resistances:
92660 **
91660 *
90660 **
89650
87647 last
86980
86320 **
84640 *
83630 **
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