Bitcoin Intraday: rebound towards 111260
May 24, 2025 6:50 AM
rebound towards 111260.
Our pivot point stands at 106380.
Our preference:
rebound towards 111260.
Alternative scenario:
below 106380, expect 104690 and 103680.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 107964 and 109004).
Supports and resistances:
113290 **
112280 *
111260 **
110250
107766 last
107050
106380 **
104690 *
103680 **
Our preference:
rebound towards 111260.
Alternative scenario:
below 106380, expect 104690 and 103680.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 107964 and 109004).
Supports and resistances:
113290 **
112280 *
111260 **
110250
107766 last
107050
106380 **
104690 *
103680 **
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