Bitcoin Intraday: the downside prevails as long as 95660 is resistance
May 5, 2025 4:05 AM
the downside prevails as long as 95660 is resistance.
Our pivot point is at 95660.
Our preference:
the downside prevails as long as 95660 is resistance.
Alternative scenario:
the upside breakout of 95660, would call for 97700 and 98920.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94830 and 95303).
Supports and resistances:
98920 **
97700 *
95660 **
94850
94049 last
91610
90390 **
89180 *
87960 **
Our preference:
the downside prevails as long as 95660 is resistance.
Alternative scenario:
the upside breakout of 95660, would call for 97700 and 98920.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94830 and 95303).
Supports and resistances:
98920 **
97700 *
95660 **
94850
94049 last
91610
90390 **
89180 *
87960 **
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