Bitcoin Intraday: the downside prevails as long as 85160 is resistance
Mar 21, 2025 2:02 PM
the downside prevails as long as 85160 is resistance.
Our pivot point stands at 85160.
Our preference:
the downside prevails as long as 85160 is resistance.
Alternative scenario:
the upside breakout of 85160, would call for 86750 and 87690.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 84042 and 84305).
Supports and resistances:
87690 **
86750 *
85160 **
84540
83913 last
82020
81080 **
80130 *
79190 **
Our preference:
the downside prevails as long as 85160 is resistance.
Alternative scenario:
the upside breakout of 85160, would call for 86750 and 87690.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 84042 and 84305).
Supports and resistances:
87690 **
86750 *
85160 **
84540
83913 last
82020
81080 **
80130 *
79190 **
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