Bitcoin Intraday: the downside prevails as long as 109750 is resistance
Jun 12, 2025 12:05 AM
the downside prevails as long as 109750 is resistance.
Our pivot point is at 109750.
Our preference:
the downside prevails as long as 109750 is resistance.
Alternative scenario:
the upside breakout of 109750, would call for 111080 and 111880.
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 109021 and 109381).
Supports and resistances:
111880 **
111080 *
109750 **
109230
108697 last
107090
106290 **
105500 *
104700 **
Our preference:
the downside prevails as long as 109750 is resistance.
Alternative scenario:
the upside breakout of 109750, would call for 111080 and 111880.
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 109021 and 109381).
Supports and resistances:
111880 **
111080 *
109750 **
109230
108697 last
107090
106290 **
105500 *
104700 **
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