Our pivot point stands at 112110.
Our preference: the downside prevails as long as 112110 is resistance.
Alternative scenario: above 112110, look for 113300 and 114010.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 111859 and 111595). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (111207).
Supports and resistances:
114010 **
113300 *
112110 **
111640
111175 last
109760
109050 **
108340 *
107630 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 09-04-2025 at 06:02 UTC+1
Price reference: 111175 last known on 09-04-2025 at 06:02 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf