Bitcoin Intraday: the upside prevails as long as 79690 is support
Apr 11, 2025 6:50 AM
the upside prevails as long as 79690 is support.
Our pivot point is at 79690.
Our preference:
the upside prevails as long as 79690 is support.
Alternative scenario:
the downside breakout of 79690 would call for 78100 and 77150.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 80199 and 80543).
Supports and resistances:
85990 **
85040 *
84090 **
83140
81225 last
80310
79690 **
78100 *
77150 **
Our preference:
the upside prevails as long as 79690 is support.
Alternative scenario:
the downside breakout of 79690 would call for 78100 and 77150.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 80199 and 80543).
Supports and resistances:
85990 **
85040 *
84090 **
83140
81225 last
80310
79690 **
78100 *
77150 **
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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