Bitcoin Intraday: as long as 101540 is support look for 106350
May 9, 2025 2:05 AM
as long as 101540 is support look for 106350.
Our pivot point is at 101540.
Our preference:
as long as 101540 is support look for 106350.
Alternative scenario:
below 101540, expect 99710 and 98620.
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 102273 and 100532).
Supports and resistances:
108540 **
107440 *
106350 **
105260
102985 last
102260
101540 **
99710 *
98620 **
Our preference:
as long as 101540 is support look for 106350.
Alternative scenario:
below 101540, expect 99710 and 98620.
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 102273 and 100532).
Supports and resistances:
108540 **
107440 *
106350 **
105260
102985 last
102260
101540 **
99710 *
98620 **
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