Bitcoin Intraday: the upside prevails as long as 108820 is support
Oct 31, 2025 5:04 AM
the upside prevails as long as 108820 is support.
Our pivot point stands at 108820.
Our preference:
the upside prevails as long as 108820 is support.
Alternative scenario:
the downside breakout of 108820 would call for 107500 and 106720.
Comment:
the RSI is above its neutrality area at 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 108574 and 108846).
Supports and resistances:
114060 **
113280 *
112490 **
111700
109860 last
109340
108820 **
107500 *
106720 **
Our preference:
the upside prevails as long as 108820 is support.
Alternative scenario:
the downside breakout of 108820 would call for 107500 and 106720.
Comment:
the RSI is above its neutrality area at 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 108574 and 108846).
Supports and resistances:
114060 **
113280 *
112490 **
111700
109860 last
109340
108820 **
107500 *
106720 **
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