Bitcoin Intraday: the downside prevails as long as 105020 is resistance
May 14, 2025 4:07 AM
the downside prevails as long as 105020 is resistance.
Our pivot point stands at 105020.
Our preference:
the downside prevails as long as 105020 is resistance.
Alternative scenario:
above 105020, look for 106870 and 107970.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 104094 and 103595).
Supports and resistances:
107970 **
106870 *
105020 **
104300
103540 last
101340
100250 **
99150 *
98050 **
Our preference:
the downside prevails as long as 105020 is resistance.
Alternative scenario:
above 105020, look for 106870 and 107970.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 104094 and 103595).
Supports and resistances:
107970 **
106870 *
105020 **
104300
103540 last
101340
100250 **
99150 *
98050 **
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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