Bitcoin Intraday: the upside prevails as long as 103060 is support
May 11, 2025 7:50 PM
the upside prevails as long as 103060 is support.
Our pivot point stands at 103060.
Our preference:
the upside prevails as long as 103060 is support.
Alternative scenario:
below 103060, expect 101200 and 100090.
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 104311 and 104066).
Supports and resistances:
110200 **
109090 *
107980 **
106870
104602 last
103800
103060 **
101200 *
100090 **
Our preference:
the upside prevails as long as 103060 is support.
Alternative scenario:
below 103060, expect 101200 and 100090.
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 104311 and 104066).
Supports and resistances:
110200 **
109090 *
107980 **
106870
104602 last
103800
103060 **
101200 *
100090 **
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