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Bitcoin Intraday: the upside prevails as long as 80050 is support
May 5, 2026 5:44 AM
the upside prevails as long as 80050 is support.
Our pivot point stands at 80050.
Our preference:
the upside prevails as long as 80050 is support.
Alternative scenario:
below 80050, expect 78820 and 78090.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 80389 and 79945).
Supports and resistances:
84240 *
83510 **
82770
81224 last
80050 **
78820 *
78090 **
Our preference:
the upside prevails as long as 80050 is support.
Alternative scenario:
below 80050, expect 78820 and 78090.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 80389 and 79945).
Supports and resistances:
84240 *
83510 **
82770
81224 last
80050 **
78820 *
78090 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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