Bitcoin Short Term: the downside prevails as long as 89440 is resistance
Apr 8, 2025 10:04 AM
the downside prevails as long as 89440 is resistance.
Our pivot point stands at 89440.
Our preference:
the downside prevails as long as 89440 is resistance.
Alternative scenario:
the upside breakout of 89440, would call for 100440 and 106980.
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 83680 and 86101).
Supports and resistances:
106980 **
100440 *
89440 **
85120
78921 last
66020
59630 **
53250 *
46870 **
Our preference:
the downside prevails as long as 89440 is resistance.
Alternative scenario:
the upside breakout of 89440, would call for 100440 and 106980.
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 83680 and 86101).
Supports and resistances:
106980 **
100440 *
89440 **
85120
78921 last
66020
59630 **
53250 *
46870 **
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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