Bitcoin Intraday: rebound towards 111990
May 28, 2025 1:02 PM
rebound towards 111990.
Our pivot point is at 107550.
Our preference:
rebound towards 111990.
Alternative scenario:
the downside breakout of 107550 would call for 105820 and 104790.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (108889) but under its 50 period moving average (109252).
Supports and resistances:
114050 **
113020 *
111990 **
110960
108905 last
108230
107550 **
105820 *
104790 **
Our preference:
rebound towards 111990.
Alternative scenario:
the downside breakout of 107550 would call for 105820 and 104790.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (108889) but under its 50 period moving average (109252).
Supports and resistances:
114050 **
113020 *
111990 **
110960
108905 last
108230
107550 **
105820 *
104790 **
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