Bitcoin Intraday: as long as 109950 is support look for 114460
May 23, 2025 2:05 AM
as long as 109950 is support look for 114460.
Our pivot point stands at 109950.
Our preference:
as long as 109950 is support look for 114460.
Alternative scenario:
the downside breakout of 109950 would call for 108200 and 107150.
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 (111358) but above its 50 period moving average (111115).
Supports and resistances:
116550 **
115510 *
114460 **
113420
111330 last
110640
109950 **
108200 *
107150 **
Our preference:
as long as 109950 is support look for 114460.
Alternative scenario:
the downside breakout of 109950 would call for 108200 and 107150.
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 (111358) but above its 50 period moving average (111115).
Supports and resistances:
116550 **
115510 *
114460 **
113420
111330 last
110640
109950 **
108200 *
107150 **
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