Bitcoin Intraday: the downside prevails as long as 85450 is resistance
Apr 17, 2025 4:05 AM
the downside prevails as long as 85450 is resistance.
85450 is our pivot point.
Our preference:
the downside prevails as long as 85450 is resistance.
Alternative scenario:
above 85450, look for 87280 and 88370.
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 stands below its 20 and 50 period moving average (respectively at 84238 and 84083).
Supports and resistances:
88370 **
87280 *
85450 **
84730
83979 last
81800
80720 **
79630 *
78540 **
Our preference:
the downside prevails as long as 85450 is resistance.
Alternative scenario:
above 85450, look for 87280 and 88370.
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 stands below its 20 and 50 period moving average (respectively at 84238 and 84083).
Supports and resistances:
88370 **
87280 *
85450 **
84730
83979 last
81800
80720 **
79630 *
78540 **
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