Market Analysis of Bitcoin on Thursday 5 March 2025

2026-03-05 02:44Source:BtcDana

Bitcoin / Dollar intraday: as long as 71230 is support look for 75810
 
71230 is our pivot point.
 
Our preference:
As long as 71230 is support look for 75810.
 
Alternative scenario:
Below 71230, expect 69590 and 68620.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (73007) but above its 50 period moving average (70768).

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