Bitcoin Intraday: the upside prevails as long as 102190 is support
May 16, 2025 12:05 AM
the upside prevails as long as 102190 is support.
Our pivot point is at 102190.
Our preference:
the upside prevails as long as 102190 is support.
Alternative scenario:
the downside breakout of 102190 would call for 100340 and 99240.
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 103320 and 102881).
Supports and resistances:
109290 **
108190 *
107090 **
105990
103785 last
102920
102190 **
100340 *
99240 **
Our preference:
the upside prevails as long as 102190 is support.
Alternative scenario:
the downside breakout of 102190 would call for 100340 and 99240.
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 103320 and 102881).
Supports and resistances:
109290 **
108190 *
107090 **
105990
103785 last
102920
102190 **
100340 *
99240 **
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