Bitcoin Intraday: the upside prevails as long as 102590 is support
May 16, 2025 4:05 AM
the upside prevails as long as 102590 is support.

Our pivot point stands at 102590.
Our preference:
the upside prevails as long as 102590 is support.
Alternative scenario:
the downside breakout of 102590 would call for 100740 and 99630.
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 103635 and 102995).
Supports and resistances:
109650 **
108550 *
107440 **
106340
104131 last
103320
102590 **
100740 *
99630 **
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