Bitcoin Short Term: as long as 96110 is support look for 126960
Jun 3, 2025 10:04 AM
as long as 96110 is support look for 126960.
Our pivot point stands at 96110.
Our preference:
as long as 96110 is support look for 126960.
Alternative scenario:
the downside breakout of 96110 would call for 84810 and 78090.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (106628) but above its 50 period moving average (99460).
Supports and resistances:
140600 **
133780 *
126960 **
120140
105287 last
100550
96110 **
84810 *
78090 **
Our preference:
as long as 96110 is support look for 126960.
Alternative scenario:
the downside breakout of 96110 would call for 84810 and 78090.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (106628) but above its 50 period moving average (99460).
Supports and resistances:
140600 **
133780 *
126960 **
120140
105287 last
100550
96110 **
84810 *
78090 **
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