Bitcoin Intraday: look for a drop towards 83280 before a bounce
Apr 2, 2025 8:41 AM
look for a drop towards 83280 before a bounce.
Our pivot point stands at 83280.
Our preference:
look for a drop towards 83280 before a bounce.
Alternative scenario:
below 83280, expect 81650 and 80670.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 84661 and 84598).
Supports and resistances:
89880 **
88910 *
87930 **
86950
84689 last
83920
83280 **
81650 *
80670 **
Our preference:
look for a drop towards 83280 before a bounce.
Alternative scenario:
below 83280, expect 81650 and 80670.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 84661 and 84598).
Supports and resistances:
89880 **
88910 *
87930 **
86950
84689 last
83920
83280 **
81650 *
80670 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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