Bitcoin Intraday: as long as 107550 is support look for 112090
May 24, 2025 7:49 PM
as long as 107550 is support look for 112090.
Our pivot point is at 107550.
Our preference:
as long as 107550 is support look for 112090.
Alternative scenario:
the downside breakout of 107550 would call for 105830 and 104810.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (108931) but above its 50 period moving average (108427).
Supports and resistances:
114130 **
113110 *
112090 **
111060
108895 last
108220
107550 **
105830 *
104810 **
Our preference:
as long as 107550 is support look for 112090.
Alternative scenario:
the downside breakout of 107550 would call for 105830 and 104810.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (108931) but above its 50 period moving average (108427).
Supports and resistances:
114130 **
113110 *
112090 **
111060
108895 last
108220
107550 **
105830 *
104810 **
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