Bitcoin Intraday: the upside prevails as long as 95670 is support
May 8, 2025 12:05 AM
the upside prevails as long as 95670 is support.
95670 is our pivot point.
Our preference:
the upside prevails as long as 95670 is support.
Alternative scenario:
below 95670, expect 93940 and 92910.
Comment:
the RSI is above 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 96776 and 96831).
Supports and resistances:
102250 **
101220 *
100190 **
99160
97075 last
96350
95670 **
93940 *
92910 **
Our preference:
the upside prevails as long as 95670 is support.
Alternative scenario:
below 95670, expect 93940 and 92910.
Comment:
the RSI is above 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 96776 and 96831).
Supports and resistances:
102250 **
101220 *
100190 **
99160
97075 last
96350
95670 **
93940 *
92910 **
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