Bitcoin Intraday: the upside prevails as long as 93220 is support
May 1, 2025 6:50 AM
the upside prevails as long as 93220 is support.
Our pivot point is at 93220.
Our preference:
the upside prevails as long as 93220 is support.
Alternative scenario:
the downside breakout of 93220 would call for 91160 and 89930.
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 94644 and 94515).
Supports and resistances:
101220 **
99990 *
98760 **
97530
94855 last
94030
93220 **
91160 *
89930 **
Our preference:
the upside prevails as long as 93220 is support.
Alternative scenario:
the downside breakout of 93220 would call for 91160 and 89930.
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 94644 and 94515).
Supports and resistances:
101220 **
99990 *
98760 **
97530
94855 last
94030
93220 **
91160 *
89930 **
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