Bitcoin Intraday: the downside prevails as long as 112310 is resistance
May 23, 2025 8:41 AM
the downside prevails as long as 112310 is resistance.
112310 is our pivot point.
Our preference:
the downside prevails as long as 112310 is resistance.
Alternative scenario:
the upside breakout of 112310, would call for 114050 and 115090.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 111050 and 111099).
Supports and resistances:
115090 **
114050 *
112310 **
111620
110933 last
108740
107700 **
106660 *
105620 **
Our preference:
the downside prevails as long as 112310 is resistance.
Alternative scenario:
the upside breakout of 112310, would call for 114050 and 115090.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 111050 and 111099).
Supports and resistances:
115090 **
114050 *
112310 **
111620
110933 last
108740
107700 **
106660 *
105620 **
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