Bitcoin Short Term: as long as 95920 is support look for 127630
May 20, 2025 10:05 AM
as long as 95920 is support look for 127630.
Our pivot point is at 95920.
Our preference:
as long as 95920 is support look for 127630.
Alternative scenario:
the downside breakout of 95920 would call for 84470 and 77660.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 101286 and 92388).
Supports and resistances:
141500 **
134560 *
127630 **
120690
105293 last
100420
95920 **
84470 *
77660 **
Our preference:
as long as 95920 is support look for 127630.
Alternative scenario:
the downside breakout of 95920 would call for 84470 and 77660.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 101286 and 92388).
Supports and resistances:
141500 **
134560 *
127630 **
120690
105293 last
100420
95920 **
84470 *
77660 **
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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