Bitcoin Intraday: the downside prevails as long as 85140 is resistance
Apr 14, 2025 12:05 AM
the downside prevails as long as 85140 is resistance.
Our pivot point stands at 85140.
Our preference:
the downside prevails as long as 85140 is resistance.
Alternative scenario:
the upside breakout of 85140, would call for 86780 and 87760.
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 84007 and 84440).
Supports and resistances:
87760 **
86780 *
85140 **
84490
83842 last
81750
80770 **
79790 *
78820 **
Our preference:
the downside prevails as long as 85140 is resistance.
Alternative scenario:
the upside breakout of 85140, would call for 86780 and 87760.
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 84007 and 84440).
Supports and resistances:
87760 **
86780 *
85140 **
84490
83842 last
81750
80770 **
79790 *
78820 **
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