Bitcoin Intraday: the upside prevails as long as 99770 is support
May 8, 2025 7:53 PM
the upside prevails as long as 99770 is support.
Our pivot point is at 99770.
Our preference:
the upside prevails as long as 99770 is support.
Alternative scenario:
the downside breakout of 99770 would call for 97960 and 96890.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 100312 and 99023).
Supports and resistances:
106660 **
105580 *
104510 **
103430
101236 last
100470
99770 **
97960 *
96890 **
Our preference:
the upside prevails as long as 99770 is support.
Alternative scenario:
the downside breakout of 99770 would call for 97960 and 96890.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 100312 and 99023).
Supports and resistances:
106660 **
105580 *
104510 **
103430
101236 last
100470
99770 **
97960 *
96890 **
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Bitcoin
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