Bitcoin Intraday: the upside prevails as long as 107350 is support
Jul 8, 2025 8:41 AM
the upside prevails as long as 107350 is support.
107350 is our pivot point.
Our preference:
the upside prevails as long as 107350 is support.
Alternative scenario:
the downside breakout of 107350 would call for 106080 and 105330.
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 108131 and 108246).
Supports and resistances:
112210 **
111460 *
110710 **
109960
108338 last
107840
107350 **
106080 *
105330 **
Our preference:
the upside prevails as long as 107350 is support.
Alternative scenario:
the downside breakout of 107350 would call for 106080 and 105330.
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 108131 and 108246).
Supports and resistances:
112210 **
111460 *
110710 **
109960
108338 last
107840
107350 **
106080 *
105330 **
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