Bitcoin Intraday: under pressure below 98860
May 2, 2025 7:50 PM
under pressure below 98860.
Our pivot point is at 98860.
Our preference:
under pressure below 98860.
Alternative scenario:
above 98860, look for 100970 and 102230.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97191 and 96929).
Supports and resistances:
102230 **
100970 *
98860 **
98030
96905 last
94400
93140 **
91890 *
90630 **
Our preference:
under pressure below 98860.
Alternative scenario:
above 98860, look for 100970 and 102230.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97191 and 96929).
Supports and resistances:
102230 **
100970 *
98860 **
98030
96905 last
94400
93140 **
91890 *
90630 **
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