Bitcoin Intraday: rebound
Mar 21, 2025 5:06 AM
rebound.
Our pivot point stands at 83350.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 83350 would call for 81750 and 80800.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (84388) but below its 50 period moving average (84903).
Supports and resistances:
89410 **
88460 *
87510 **
86550
84640 last
83980
83350 **
81750 *
80800 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 83350 would call for 81750 and 80800.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (84388) but below its 50 period moving average (84903).
Supports and resistances:
89410 **
88460 *
87510 **
86550
84640 last
83980
83350 **
81750 *
80800 **
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