Bitcoin Intraday: rebound towards 106840
May 14, 2025 7:53 PM
rebound towards 106840.
Our pivot point stands at 102000.
Our preference:
rebound towards 106840.
Alternative scenario:
the downside breakout of 102000 would call for 100160 and 99060.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 103582 and 103782).
Supports and resistances:
109040 **
107940 *
106840 **
105750
103448 last
102720
102000 **
100160 *
99060 **
Our preference:
rebound towards 106840.
Alternative scenario:
the downside breakout of 102000 would call for 100160 and 99060.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 103582 and 103782).
Supports and resistances:
109040 **
107940 *
106840 **
105750
103448 last
102720
102000 **
100160 *
99060 **
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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