Bitcoin Intraday: rebound towards 86880
Apr 16, 2025 6:50 AM
rebound towards 86880.
82030 is our pivot point.
Our preference:
rebound towards 86880.
Alternative scenario:
the downside breakout of 82030 would call for 80220 and 79140.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83667 and 84565).
Supports and resistances:
89040 **
87960 *
86880 **
85790
83584 last
82750
82030 **
80220 *
79140 **
Our preference:
rebound towards 86880.
Alternative scenario:
the downside breakout of 82030 would call for 80220 and 79140.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83667 and 84565).
Supports and resistances:
89040 **
87960 *
86880 **
85790
83584 last
82750
82030 **
80220 *
79140 **
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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