Bitcoin Intraday: the downside prevails as long as 105590 is resistance
May 12, 2025 12:05 AM
the downside prevails as long as 105590 is resistance.
Our pivot point stands at 105590.
Our preference:
the downside prevails as long as 105590 is resistance.
Alternative scenario:
the upside breakout of 105590, would call for 107440 and 108550.
Comment:
the RSI is below 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 104175 and 104168).
Supports and resistances:
108550 **
107440 *
105590 **
104860
104128 last
101900
100800 **
99690 *
98590 **
Our preference:
the downside prevails as long as 105590 is resistance.
Alternative scenario:
the upside breakout of 105590, would call for 107440 and 108550.
Comment:
the RSI is below 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 104175 and 104168).
Supports and resistances:
108550 **
107440 *
105590 **
104860
104128 last
101900
100800 **
99690 *
98590 **
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.
Related Instruments
Bitcoin
87559.41
3.639999999999418
+0.40%
