Bitcoin Short Term: as long as 95920 is support look for 127630
May 20, 2025 10:05 AM
as long as 95920 is support look for 127630.
Our pivot point is at 95920.
Our preference:
as long as 95920 is support look for 127630.
Alternative scenario:
the downside breakout of 95920 would call for 84470 and 77660.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 101286 and 92388).
Supports and resistances:
141500 **
134560 *
127630 **
120690
105293 last
100420
95920 **
84470 *
77660 **
Our preference:
as long as 95920 is support look for 127630.
Alternative scenario:
the downside breakout of 95920 would call for 84470 and 77660.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 101286 and 92388).
Supports and resistances:
141500 **
134560 *
127630 **
120690
105293 last
100420
95920 **
84470 *
77660 **
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