Bitcoin Intraday: target 100270
May 16, 2025 1:02 PM
target 100270.
Our pivot point is at 105020.
Our preference:
target 100270.
Alternative scenario:
above 105020, look for 106860 and 107960.
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 is below its 20 period moving average (103789) but above its 50 period moving average (103519).
Supports and resistances:
107960 **
106860 *
105020 **
104290
103567 last
101370
100270 **
99170 *
98070 **
Our preference:
target 100270.
Alternative scenario:
above 105020, look for 106860 and 107960.
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 is below its 20 period moving average (103789) but above its 50 period moving average (103519).
Supports and resistances:
107960 **
106860 *
105020 **
104290
103567 last
101370
100270 **
99170 *
98070 **
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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