Bitcoin Intraday: the downside prevails as long as 106240 is resistance
Jun 14, 2025 6:50 AM
the downside prevails as long as 106240 is resistance.
Our pivot point stands at 106240.
Our preference:
the downside prevails as long as 106240 is resistance.
Alternative scenario:
the upside breakout of 106240, would call for 107530 and 108300.
Comment:
the RSI is below its neutrality area at 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 105555 and 105241).
Supports and resistances:
108300 **
107530 *
106240 **
105730
105225 last
103650
102880 **
102120 *
101350 **
Our preference:
the downside prevails as long as 106240 is resistance.
Alternative scenario:
the upside breakout of 106240, would call for 107530 and 108300.
Comment:
the RSI is below its neutrality area at 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 105555 and 105241).
Supports and resistances:
108300 **
107530 *
106240 **
105730
105225 last
103650
102880 **
102120 *
101350 **
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