Bitcoin Intraday: the upside prevails as long as 107870 is support
Jul 8, 2025 7:50 PM
the upside prevails as long as 107870 is support.
107870 is our pivot point.
Our preference:
the upside prevails as long as 107870 is support.
Alternative scenario:
below 107870, expect 106720 and 106040.
Comment:
the RSI is above 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 108752 and 108375).
Supports and resistances:
112450 **
111760 *
111080 **
110390
108806 last
108330
107870 **
106720 *
106040 **
Our preference:
the upside prevails as long as 107870 is support.
Alternative scenario:
below 107870, expect 106720 and 106040.
Comment:
the RSI is above 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 108752 and 108375).
Supports and resistances:
112450 **
111760 *
111080 **
110390
108806 last
108330
107870 **
106720 *
106040 **
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