Bitcoin Intraday: target 103450
May 21, 2025 8:41 AM
target 103450.
Our pivot point is at 107850.
Our preference:
target 103450.
Alternative scenario:
the upside breakout of 107850, would call for 109530 and 110530.
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 trading under its 20 period moving average (106990) but above its 50 period moving average (106148).
Supports and resistances:
110530 **
109530 *
107850 **
107190
106488 last
104450
103450 **
102450 *
101460 **
Our preference:
target 103450.
Alternative scenario:
the upside breakout of 107850, would call for 109530 and 110530.
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 trading under its 20 period moving average (106990) but above its 50 period moving average (106148).
Supports and resistances:
110530 **
109530 *
107850 **
107190
106488 last
104450
103450 **
102450 *
101460 **
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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