Bitcoin Intraday: as long as 109070 is support look for 113870
May 22, 2025 8:47 AM
as long as 109070 is support look for 113870.
Our pivot point stands at 109070.
Our preference:
as long as 109070 is support look for 113870.
Alternative scenario:
below 109070, expect 107330 and 106290.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (110606) but above its 50 period moving average (108745).
Supports and resistances:
115940 **
114910 *
113870 **
112830
110584 last
109750
109070 **
107330 *
106290 **
Our preference:
as long as 109070 is support look for 113870.
Alternative scenario:
below 109070, expect 107330 and 106290.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (110606) but above its 50 period moving average (108745).
Supports and resistances:
115940 **
114910 *
113870 **
112830
110584 last
109750
109070 **
107330 *
106290 **
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.
Related Instruments
Bitcoin
87591.24
-271.4499999999971
-30.90%
