Bitcoin Intraday: the downside prevails as long as 78020 is resistance
Apr 8, 2025 7:50 PM
the downside prevails as long as 78020 is resistance.
Our pivot point stands at 78020.
Our preference:
the downside prevails as long as 78020 is resistance.
Alternative scenario:
the upside breakout of 78020, would call for 79520 and 80420.
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 78430 and 79040).
Supports and resistances:
80420 **
79520 *
78020 **
77420
76473 last
74520
73620 **
72730 *
71840 **
Our preference:
the downside prevails as long as 78020 is resistance.
Alternative scenario:
the upside breakout of 78020, would call for 79520 and 80420.
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 78430 and 79040).
Supports and resistances:
80420 **
79520 *
78020 **
77420
76473 last
74520
73620 **
72730 *
71840 **
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