Bitcoin Intraday: the upside prevails as long as 97450 is support
May 8, 2025 6:50 AM
the upside prevails as long as 97450 is support.
97450 is our pivot point.
Our preference:
the upside prevails as long as 97450 is support.
Alternative scenario:
below 97450, expect 95690 and 94640.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98109 and 97309).
Supports and resistances:
104130 **
103080 *
102030 **
100980
98882 last
98140
97450 **
95690 *
94640 **
Our preference:
the upside prevails as long as 97450 is support.
Alternative scenario:
below 97450, expect 95690 and 94640.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98109 and 97309).
Supports and resistances:
104130 **
103080 *
102030 **
100980
98882 last
98140
97450 **
95690 *
94640 **
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