Bitcoin Intraday: the downside prevails as long as 109840 is resistance
May 27, 2025 2:05 AM
the downside prevails as long as 109840 is resistance.
Our pivot point stands at 109840.
Our preference:
the downside prevails as long as 109840 is resistance.
Alternative scenario:
above 109840, look for 111550 and 112570.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 109177 and 109522).
Supports and resistances:
112570 **
111550 *
109840 **
109170
108491 last
106340
105320 **
104310 *
103290 **
Our preference:
the downside prevails as long as 109840 is resistance.
Alternative scenario:
above 109840, look for 111550 and 112570.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 109177 and 109522).
Supports and resistances:
112570 **
111550 *
109840 **
109170
108491 last
106340
105320 **
104310 *
103290 **
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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