Bitcoin Intraday: the downside prevails as long as 106640 is resistance
May 30, 2025 8:41 AM
the downside prevails as long as 106640 is resistance.
Our pivot point is at 106640.
Our preference:
the downside prevails as long as 106640 is resistance.
Alternative scenario:
the upside breakout of 106640, would call for 108310 and 109310.
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 is trading under both its 20 and 50 period moving average (respectively at 105764 and 106685).
Supports and resistances:
109310 **
108310 *
106640 **
105990
105280 last
103240
102250 **
101250 *
100260 **
Our preference:
the downside prevails as long as 106640 is resistance.
Alternative scenario:
the upside breakout of 106640, would call for 108310 and 109310.
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 is trading under both its 20 and 50 period moving average (respectively at 105764 and 106685).
Supports and resistances:
109310 **
108310 *
106640 **
105990
105280 last
103240
102250 **
101250 *
100260 **
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