Bitcoin Intraday: the upside prevails as long as 96410 is support
May 8, 2025 2:05 AM
the upside prevails as long as 96410 is support.
Our pivot point is at 96410.
Our preference:
the upside prevails as long as 96410 is support.
Alternative scenario:
the downside breakout of 96410 would call for 94670 and 93630.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 96982 and 96883).
Supports and resistances:
103150 **
102110 *
101070 **
100040
97957 last
97090
96410 **
94670 *
93630 **
Our preference:
the upside prevails as long as 96410 is support.
Alternative scenario:
the downside breakout of 96410 would call for 94670 and 93630.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 96982 and 96883).
Supports and resistances:
103150 **
102110 *
101070 **
100040
97957 last
97090
96410 **
94670 *
93630 **
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