Our pivot point stands at 86140.
Our preference: the downside prevails as long as 86140 is resistance.
Alternative scenario: the upside breakout of 86140, would call for 87390 and 88140.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 86268 and 88367). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (84253).
Supports and resistances:
88140 **
87390 *
86140 **
85640
83969 last
80190
79480 **
78760 *
78050 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-21-2025 at 08:41 UTC+1
Price reference: 83969 last known on 11-21-2025 at 08:41 UTC+1
Investment horizon: INTRADAY
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