Bitcoin Intraday: rebound
May 17, 2025 7:50 PM
rebound.
Our pivot point is at 101610.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 101610 would call for 99770 and 98680.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (103026) but under its 50 period moving average (103277).
Supports and resistances:
108650 **
107550 *
106460 **
105370
103177 last
102330
101610 **
99770 *
98680 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 101610 would call for 99770 and 98680.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (103026) but under its 50 period moving average (103277).
Supports and resistances:
108650 **
107550 *
106460 **
105370
103177 last
102330
101610 **
99770 *
98680 **
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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Bitcoin
104777.55
197.68
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