Market Analysis of Bitcoin on Friday 01 May 2025

2026-05-01 02:16Source:BtcDana

Bitcoin / Dollar intraday: as long as 75370 is support look for 78450
 
Our pivot point stands at 75370.
 
Our preference:
As long as 75370 is support look for 78450.
 
Alternative scenario:
The downside breakout of 75370 would call for 74220 and 73530.
 
Comment:
The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 76325 and 76113).

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