Bitcoin Intraday: the upside prevails as long as 104950 is support
Jun 20, 2025 1:02 PM
the upside prevails as long as 104950 is support.
Our pivot point stands at 104950.
Our preference:
the upside prevails as long as 104950 is support.
Alternative scenario:
the downside breakout of 104950 would call for 103640 and 102860.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105450 and 104859).
Supports and resistances:
109930 **
109150 *
108370 **
107590
106029 last
105470
104950 **
103640 *
102860 **
Our preference:
the upside prevails as long as 104950 is support.
Alternative scenario:
the downside breakout of 104950 would call for 103640 and 102860.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105450 and 104859).
Supports and resistances:
109930 **
109150 *
108370 **
107590
106029 last
105470
104950 **
103640 *
102860 **
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