Bitcoin Intraday: above its upper Bollinger band
Mar 31, 2025 1:02 PM
the upside prevails as long as 81550 is support.
Our pivot point stands at 81550.
Our preference:
the upside prevails as long as 81550 is support.
Alternative scenario:
the downside breakout of 81550 would call for 79960 and 79010.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 81990 and 82230). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (82732).
Supports and resistances:
87540 **
86590 *
85640 **
84700
82801 last
82180
81550 **
79960 *
79010 **
Our preference:
the upside prevails as long as 81550 is support.
Alternative scenario:
the downside breakout of 81550 would call for 79960 and 79010.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 81990 and 82230). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (82732).
Supports and resistances:
87540 **
86590 *
85640 **
84700
82801 last
82180
81550 **
79960 *
79010 **
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