Bitcoin Intraday: the upside prevails as long as 107120 is support
Jun 9, 2025 7:53 PM
the upside prevails as long as 107120 is support.
Our pivot point is at 107120.
Our preference:
the upside prevails as long as 107120 is support.
Alternative scenario:
below 107120, expect 105440 and 104440.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 107884 and 106670).
Supports and resistances:
113770 **
112770 *
111760 **
110750
108641 last
107790
107120 **
105440 *
104440 **
Our preference:
the upside prevails as long as 107120 is support.
Alternative scenario:
below 107120, expect 105440 and 104440.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 107884 and 106670).
Supports and resistances:
113770 **
112770 *
111760 **
110750
108641 last
107790
107120 **
105440 *
104440 **
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