Bitcoin Short Term: as long as 84890 is support look for 115760
May 6, 2025 10:08 AM
as long as 84890 is support look for 115760.
84890 is our pivot point.
Our preference:
as long as 84890 is support look for 115760.
Alternative scenario:
the downside breakout of 84890 would call for 73280 and 66380.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 92371 and 87094).
Supports and resistances:
129700 **
122730 *
115760 **
108790
94150 last
89450
84890 **
73280 *
66380 **
Our preference:
as long as 84890 is support look for 115760.
Alternative scenario:
the downside breakout of 84890 would call for 73280 and 66380.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 92371 and 87094).
Supports and resistances:
129700 **
122730 *
115760 **
108790
94150 last
89450
84890 **
73280 *
66380 **
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