Bitcoin Intraday: as long as 109660 is support look for 115050
May 22, 2025 7:53 PM
as long as 109660 is support look for 115050.
Our pivot point stands at 109660.
Our preference:
as long as 109660 is support look for 115050.
Alternative scenario:
the downside breakout of 109660 would call for 107910 and 106870.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (111267) but above its 50 period moving average (110503).
Supports and resistances:
117150 **
116100 *
115050 **
114000
111179 last
110350
109660 **
107910 *
106870 **
Our preference:
as long as 109660 is support look for 115050.
Alternative scenario:
the downside breakout of 109660 would call for 107910 and 106870.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (111267) but above its 50 period moving average (110503).
Supports and resistances:
117150 **
116100 *
115050 **
114000
111179 last
110350
109660 **
107910 *
106870 **
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