Bitcoin Intraday: as long as 104240 is support look for 108560
Jun 3, 2025 4:05 AM
as long as 104240 is support look for 108560.
Our pivot point is at 104240.
Our preference:
as long as 104240 is support look for 108560.
Alternative scenario:
the downside breakout of 104240 would call for 102570 and 101570.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105501 and 104982).
Supports and resistances:
110550 **
109550 *
108560 **
107560
105567 last
104900
104240 **
102570 *
101570 **
Our preference:
as long as 104240 is support look for 108560.
Alternative scenario:
the downside breakout of 104240 would call for 102570 and 101570.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105501 and 104982).
Supports and resistances:
110550 **
109550 *
108560 **
107560
105567 last
104900
104240 **
102570 *
101570 **
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