Bitcoin Intraday: under pressure below 105640
May 12, 2025 2:05 AM
under pressure below 105640.
Our pivot point stands at 105640.
Our preference:
under pressure below 105640.
Alternative scenario:
the upside breakout of 105640, would call for 107490 and 108600.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 104201 and 104163).
Supports and resistances:
108600 **
107490 *
105640 **
104910
104097 last
101810
100710 **
99610 *
98500 **
Our preference:
under pressure below 105640.
Alternative scenario:
the upside breakout of 105640, would call for 107490 and 108600.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 104201 and 104163).
Supports and resistances:
108600 **
107490 *
105640 **
104910
104097 last
101810
100710 **
99610 *
98500 **
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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