Bitcoin Intraday: the upside prevails as long as 104420 is support
Jun 18, 2025 5:22 AM
the upside prevails as long as 104420 is support.
Our pivot point is at 104420.
Our preference:
the upside prevails as long as 104420 is support.
Alternative scenario:
the downside breakout of 104420 would call for 103110 and 102340.
Comment:
the RSI is above its neutrality area at 50. 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 104805 and 105285).
Supports and resistances:
109380 **
108600 *
107830 **
107050
105460 last
104930
104420 **
103110 *
102340 **
Our preference:
the upside prevails as long as 104420 is support.
Alternative scenario:
the downside breakout of 104420 would call for 103110 and 102340.
Comment:
the RSI is above its neutrality area at 50. 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 104805 and 105285).
Supports and resistances:
109380 **
108600 *
107830 **
107050
105460 last
104930
104420 **
103110 *
102340 **
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