Market Analysis of Bitcoin on Thursday 08 May 2025

2026-05-08 02:03Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 81900
 
79180 is our pivot point.
 
Our preference:
Rebound towards 81900.
 
Alternative scenario:
The downside breakout of 79180 would call for 78130 and 77500.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (79968) but below its 50 period moving average (80614).

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