Bitcoin Intraday: the upside prevails as long as 97450 is support
May 8, 2025 6:50 AM
the upside prevails as long as 97450 is support.
97450 is our pivot point.
Our preference:
the upside prevails as long as 97450 is support.
Alternative scenario:
below 97450, expect 95690 and 94640.
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 both its 20 and 50 period moving average (respectively at 98109 and 97309).
Supports and resistances:
104130 **
103080 *
102030 **
100980
98882 last
98140
97450 **
95690 *
94640 **
Our preference:
the upside prevails as long as 97450 is support.
Alternative scenario:
below 97450, expect 95690 and 94640.
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 both its 20 and 50 period moving average (respectively at 98109 and 97309).
Supports and resistances:
104130 **
103080 *
102030 **
100980
98882 last
98140
97450 **
95690 *
94640 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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Bitcoin
87562.8
7.029999999998836
+0.80%
