Bitcoin Intraday: above its upper Bollinger band
May 13, 2025 7:50 PM
the upside prevails as long as 103130 is support.
Our pivot point is at 103130.
Our preference:
the upside prevails as long as 103130 is support.
Alternative scenario:
below 103130, expect 101260 and 100150.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 103883 and 103045). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 104756).
Supports and resistances:
110510 **
109400 *
108290 **
107170
104947 last
103860
103130 **
101260 *
100150 **
Our preference:
the upside prevails as long as 103130 is support.
Alternative scenario:
below 103130, expect 101260 and 100150.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 103883 and 103045). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 104756).
Supports and resistances:
110510 **
109400 *
108290 **
107170
104947 last
103860
103130 **
101260 *
100150 **
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