Bitcoin Intraday: the downside prevails as long as 83220 is resistance
Mar 31, 2025 2:05 AM
the downside prevails as long as 83220 is resistance.
Our pivot point stands at 83220.
Our preference:
the downside prevails as long as 83220 is resistance.
Alternative scenario:
the upside breakout of 83220, would call for 84800 and 85740.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 82293 and 82749).
Supports and resistances:
85740 **
84800 *
83220 **
82600
81819 last
79950
79010 **
78070 *
77140 **
Our preference:
the downside prevails as long as 83220 is resistance.
Alternative scenario:
the upside breakout of 83220, would call for 84800 and 85740.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 82293 and 82749).
Supports and resistances:
85740 **
84800 *
83220 **
82600
81819 last
79950
79010 **
78070 *
77140 **
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