Bitcoin Intraday: below its lower Bollinger band
May 16, 2025 8:41 AM
target 99930.
104770 is our pivot point.
Our preference:
target 99930.
Alternative scenario:
above 104770, look for 106610 and 107710.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (103884) but above its 50 period moving average (103232). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 103303).
Supports and resistances:
107710 **
106610 *
104770 **
104050
103250 last
101020
99930 **
98830 *
97740 **
Our preference:
target 99930.
Alternative scenario:
above 104770, look for 106610 and 107710.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (103884) but above its 50 period moving average (103232). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 103303).
Supports and resistances:
107710 **
106610 *
104770 **
104050
103250 last
101020
99930 **
98830 *
97740 **
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