Bitcoin Intraday: the downside prevails as long as 107950 is resistance
Jun 27, 2025 7:50 PM
the downside prevails as long as 107950 is resistance.
Our pivot point stands at 107950.
Our preference:
the downside prevails as long as 107950 is resistance.
Alternative scenario:
the upside breakout of 107950, would call for 109210 and 109960.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading above its 20 period moving average (106950) but under its 50 period moving average (107134).
Supports and resistances:
109960 **
109210 *
107950 **
107450
106957 last
105310
104560 **
103820 *
103070 **
Our preference:
the downside prevails as long as 107950 is resistance.
Alternative scenario:
the upside breakout of 107950, would call for 109210 and 109960.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading above its 20 period moving average (106950) but under its 50 period moving average (107134).
Supports and resistances:
109960 **
109210 *
107950 **
107450
106957 last
105310
104560 **
103820 *
103070 **
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