Bitcoin Intraday: the downside prevails as long as 85490 is resistance
Mar 21, 2025 9:41 AM
the downside prevails as long as 85490 is resistance.
85490 is our pivot point.
Our preference:
the downside prevails as long as 85490 is resistance.
Alternative scenario:
above 85490, look for 87090 and 88030.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 84313 and 84580).
Supports and resistances:
88030 **
87090 *
85490 **
84870
84239 last
82200
81250 **
80310 *
79360 **
Our preference:
the downside prevails as long as 85490 is resistance.
Alternative scenario:
above 85490, look for 87090 and 88030.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 84313 and 84580).
Supports and resistances:
88030 **
87090 *
85490 **
84870
84239 last
82200
81250 **
80310 *
79360 **
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