Bitcoin Intraday: technical rebound towards 96270 before a new drop

May 5, 2025 7:50 PM

technical rebound towards 96270 before a new drop.

Our pivot point is at 96270.
Our preference:
technical rebound towards 96270 before a new drop.
Alternative scenario:
the upside breakout of 96270, would call for 98320 and 99550.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (94228) but under its 50 period moving average (94530).
Supports and resistances:
99550 **
98320 *
96270 **
95460
94450 last
92010
90780 **
89560 *
88340 **

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