Bitcoin Intraday: rebound towards 97990
May 5, 2025 1:02 PM
rebound towards 97990.
Our pivot point is at 92720.
Our preference:
rebound towards 97990.
Alternative scenario:
below 92720, expect 90670 and 89450.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94423 and 94851).
Supports and resistances:
100430 **
99210 *
97990 **
96770
94330 last
93520
92720 **
90670 *
89450 **
Our preference:
rebound towards 97990.
Alternative scenario:
below 92720, expect 90670 and 89450.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94423 and 94851).
Supports and resistances:
100430 **
99210 *
97990 **
96770
94330 last
93520
92720 **
90670 *
89450 **
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