Bitcoin Short Term: as long as 96510 is support look for 127610
May 20, 2025 6:02 AM
as long as 96510 is support look for 127610.

Our pivot point stands at 96510.
Our preference:
as long as 96510 is support look for 127610.
Alternative scenario:
below 96510, expect 85000 and 78140.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 101331 and 92406).
Supports and resistances:
141480 **
134540 *
127610 **
120680
106201 last
101030
96510 **
85000 *
78140 **
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