Bitcoin Intraday: as long as 109070 is support look for 113870
May 22, 2025 8:47 AM
as long as 109070 is support look for 113870.
Our pivot point stands at 109070.
Our preference:
as long as 109070 is support look for 113870.
Alternative scenario:
below 109070, expect 107330 and 106290.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (110606) but above its 50 period moving average (108745).
Supports and resistances:
115940 **
114910 *
113870 **
112830
110584 last
109750
109070 **
107330 *
106290 **
Our preference:
as long as 109070 is support look for 113870.
Alternative scenario:
below 109070, expect 107330 and 106290.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (110606) but above its 50 period moving average (108745).
Supports and resistances:
115940 **
114910 *
113870 **
112830
110584 last
109750
109070 **
107330 *
106290 **
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