Bitcoin Intraday: the upside prevails as long as 83140 is support
Apr 17, 2025 8:44 AM
the upside prevails as long as 83140 is support.
Our pivot point is at 83140.
Our preference:
the upside prevails as long as 83140 is support.
Alternative scenario:
the downside breakout of 83140 would call for 81300 and 80200.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 84325 and 84275).
Supports and resistances:
90120 **
89020 *
87930 **
86830
84633 last
83860
83140 **
81300 *
80200 **
Our preference:
the upside prevails as long as 83140 is support.
Alternative scenario:
the downside breakout of 83140 would call for 81300 and 80200.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 84325 and 84275).
Supports and resistances:
90120 **
89020 *
87930 **
86830
84633 last
83860
83140 **
81300 *
80200 **
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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