Bitcoin Intraday: as long as 110230 is support look for 114850
May 23, 2025 12:05 AM
as long as 110230 is support look for 114850.
Our pivot point is at 110230.
Our preference:
as long as 110230 is support look for 114850.
Alternative scenario:
the downside breakout of 110230 would call for 108470 and 107420.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 111317 and 110992).
Supports and resistances:
116950 **
115900 *
114850 **
113810
111607 last
110920
110230 **
108470 *
107420 **
Our preference:
as long as 110230 is support look for 114850.
Alternative scenario:
the downside breakout of 110230 would call for 108470 and 107420.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 111317 and 110992).
Supports and resistances:
116950 **
115900 *
114850 **
113810
111607 last
110920
110230 **
108470 *
107420 **
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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