Bitcoin Intraday: as long as 106020 is support look for 109550
Jun 16, 2025 2:05 PM
as long as 106020 is support look for 109550.
Our pivot point is at 106020.
Our preference:
as long as 106020 is support look for 109550.
Alternative scenario:
the downside breakout of 106020 would call for 104710 and 103920.
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 above its 20 and 50 period moving average (respectively at 106840 and 106024).
Supports and resistances:
111120 **
110330 *
109550 **
108770
107150 last
106540
106020 **
104710 *
103920 **
Our preference:
as long as 106020 is support look for 109550.
Alternative scenario:
the downside breakout of 106020 would call for 104710 and 103920.
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 above its 20 and 50 period moving average (respectively at 106840 and 106024).
Supports and resistances:
111120 **
110330 *
109550 **
108770
107150 last
106540
106020 **
104710 *
103920 **
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