Bitcoin Intraday: as long as 102510 is support look for 107320
May 16, 2025 6:50 AM
as long as 102510 is support look for 107320.
Our pivot point stands at 102510.
Our preference:
as long as 102510 is support look for 107320.
Alternative scenario:
the downside breakout of 102510 would call for 100650 and 99550.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 103847 and 103119).
Supports and resistances:
109530 **
108430 *
107320 **
106220
104014 last
103230
102510 **
100650 *
99550 **
Our preference:
as long as 102510 is support look for 107320.
Alternative scenario:
the downside breakout of 102510 would call for 100650 and 99550.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 103847 and 103119).
Supports and resistances:
109530 **
108430 *
107320 **
106220
104014 last
103230
102510 **
100650 *
99550 **
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