Bitcoin Intraday: as long as 95140 is support look for 99600
May 7, 2025 4:05 AM
as long as 95140 is support look for 99600.
Our pivot point is at 95140.
Our preference:
as long as 95140 is support look for 99600.
Alternative scenario:
the downside breakout of 95140 would call for 93420 and 92390.
Comment:
the RSI is above 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 96063 and 94975).
Supports and resistances:
101650 **
100630 *
99600 **
98580
96530 last
95810
95140 **
93420 *
92390 **
Our preference:
as long as 95140 is support look for 99600.
Alternative scenario:
the downside breakout of 95140 would call for 93420 and 92390.
Comment:
the RSI is above 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 96063 and 94975).
Supports and resistances:
101650 **
100630 *
99600 **
98580
96530 last
95810
95140 **
93420 *
92390 **
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