Bitcoin Intraday: the downside prevails as long as 110300 is resistance
May 28, 2025 4:05 AM
the downside prevails as long as 110300 is resistance.
Our pivot point stands at 110300.
Our preference:
the downside prevails as long as 110300 is resistance.
Alternative scenario:
the upside breakout of 110300, would call for 112030 and 113050.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 109143 and 109426).
Supports and resistances:
113050 **
112030 *
110300 **
109620
108865 last
106810
105780 **
104750 *
103730 **
Our preference:
the downside prevails as long as 110300 is resistance.
Alternative scenario:
the upside breakout of 110300, would call for 112030 and 113050.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 109143 and 109426).
Supports and resistances:
113050 **
112030 *
110300 **
109620
108865 last
106810
105780 **
104750 *
103730 **
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