Bitcoin Intraday: technical rebound towards 109450 before a new drop
May 29, 2025 4:05 AM
technical rebound towards 109450 before a new drop.
Our pivot point is at 109450.
Our preference:
technical rebound towards 109450 before a new drop.
Alternative scenario:
the upside breakout of 109450, would call for 111160 and 112180.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (107765) but below its 50 period moving average (108175).
Supports and resistances:
112180 **
111160 *
109450 **
108770
108089 last
106030
105010 **
103990 *
102970 **
Our preference:
technical rebound towards 109450 before a new drop.
Alternative scenario:
the upside breakout of 109450, would call for 111160 and 112180.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (107765) but below its 50 period moving average (108175).
Supports and resistances:
112180 **
111160 *
109450 **
108770
108089 last
106030
105010 **
103990 *
102970 **
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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