Bitcoin Intraday: target 101970
May 20, 2025 8:43 AM
target 101970.
Our pivot point is at 106350.
Our preference:
target 101970.
Alternative scenario:
the upside breakout of 106350, would call for 108000 and 108980.
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 (105775) but above its 50 period moving average (104849).
Supports and resistances:
108980 **
108000 *
106350 **
105700
104995 last
102950
101970 **
100990 *
100010 **
Our preference:
target 101970.
Alternative scenario:
the upside breakout of 106350, would call for 108000 and 108980.
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 (105775) but above its 50 period moving average (104849).
Supports and resistances:
108980 **
108000 *
106350 **
105700
104995 last
102950
101970 **
100990 *
100010 **
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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