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Bitcoin Intraday: the upside prevails as long as 107860 is support

Jul 9, 2025 8:41 AM
the upside prevails as long as 107860 is support.
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107860 is our pivot point.
Our preference:
the upside prevails as long as 107860 is support.
Alternative scenario:
the downside breakout of 107860 would call for 106710 and 106030.
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 108718 and 108721).
Supports and resistances:
112260 **
111570 *
110890 **
110200
108773 last
108310
107860 **
106710 *
106030 **
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