Bitcoin Intraday: the upside prevails as long as 104160 is support
May 20, 2025 12:05 AM
the upside prevails as long as 104160 is support.
Our pivot point is at 104160.
Our preference:
the upside prevails as long as 104160 is support.
Alternative scenario:
the downside breakout of 104160 would call for 102280 and 101160.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105226 and 104247).
Supports and resistances:
111280 **
110160 *
109040 **
107920
105676 last
104900
104160 **
102280 *
101160 **
Our preference:
the upside prevails as long as 104160 is support.
Alternative scenario:
the downside breakout of 104160 would call for 102280 and 101160.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105226 and 104247).
Supports and resistances:
111280 **
110160 *
109040 **
107920
105676 last
104900
104160 **
102280 *
101160 **
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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