Bitcoin Intraday: the upside prevails as long as 108450 is support
Jul 3, 2025 6:50 AM
the upside prevails as long as 108450 is support.
108450 is our pivot point.
Our preference:
the upside prevails as long as 108450 is support.
Alternative scenario:
the downside breakout of 108450 would call for 107170 and 106410.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 109075 and 108569).
Supports and resistances:
113300 **
112540 *
111780 **
111020
109500 last
108950
108450 **
107170 *
106410 **
Our preference:
the upside prevails as long as 108450 is support.
Alternative scenario:
the downside breakout of 108450 would call for 107170 and 106410.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 109075 and 108569).
Supports and resistances:
113300 **
112540 *
111780 **
111020
109500 last
108950
108450 **
107170 *
106410 **
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