Bitcoin Intraday: the upside prevails as long as 104950 is support
Jun 8, 2025 7:50 PM
the upside prevails as long as 104950 is support.
104950 is our pivot point.
Our preference:
the upside prevails as long as 104950 is support.
Alternative scenario:
below 104950, expect 103300 and 102320.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105926 and 105742).
Supports and resistances:
111280 **
110300 *
109320 **
108330
106258 last
105600
104950 **
103300 *
102320 **
Our preference:
the upside prevails as long as 104950 is support.
Alternative scenario:
below 104950, expect 103300 and 102320.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105926 and 105742).
Supports and resistances:
111280 **
110300 *
109320 **
108330
106258 last
105600
104950 **
103300 *
102320 **
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