Bitcoin Intraday: the downside prevails as long as 85270 is resistance
Mar 21, 2025 7:50 AM
the downside prevails as long as 85270 is resistance.
Our pivot point stands at 85270.
Our preference:
the downside prevails as long as 85270 is resistance.
Alternative scenario:
the upside breakout of 85270, would call for 86860 and 87810.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 84315 and 84735).
Supports and resistances:
87810 **
86860 *
85270 **
84650
83797 last
81860
80920 **
79980 *
79030 **
Our preference:
the downside prevails as long as 85270 is resistance.
Alternative scenario:
the upside breakout of 85270, would call for 86860 and 87810.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 84315 and 84735).
Supports and resistances:
87810 **
86860 *
85270 **
84650
83797 last
81860
80920 **
79980 *
79030 **
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