Bitcoin Intraday: the downside prevails as long as 108880 is resistance
May 28, 2025 7:50 PM
the downside prevails as long as 108880 is resistance.
Our pivot point is at 108880.
Our preference:
the downside prevails as long as 108880 is resistance.
Alternative scenario:
the upside breakout of 108880, would call for 110590 and 111600.
Comment:
the RSI is below 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 108003 and 108617).
Supports and resistances:
111600 **
110590 *
108880 **
108210
107224 last
105100
104090 **
103080 *
102070 **
Our preference:
the downside prevails as long as 108880 is resistance.
Alternative scenario:
the upside breakout of 108880, would call for 110590 and 111600.
Comment:
the RSI is below 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 108003 and 108617).
Supports and resistances:
111600 **
110590 *
108880 **
108210
107224 last
105100
104090 **
103080 *
102070 **
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