Bitcoin Intraday: the downside prevails as long as 85080 is resistance
Apr 16, 2025 2:05 AM
the downside prevails as long as 85080 is resistance.
85080 is our pivot point.
Our preference:
the downside prevails as long as 85080 is resistance.
Alternative scenario:
above 85080, look for 86900 and 87980.
Comment:
the RSI is below its neutrality area at 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 83979 and 84861).
Supports and resistances:
87980 **
86900 *
85080 **
84360
83650 last
81460
80380 **
79300 *
78220 **
Our preference:
the downside prevails as long as 85080 is resistance.
Alternative scenario:
above 85080, look for 86900 and 87980.
Comment:
the RSI is below its neutrality area at 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 83979 and 84861).
Supports and resistances:
87980 **
86900 *
85080 **
84360
83650 last
81460
80380 **
79300 *
78220 **
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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