Bitcoin Intraday: as long as 114910 is support look for 118170
Jul 11, 2025 2:05 AM
as long as 114910 is support look for 118170.
Our pivot point is at 114910.
Our preference:
as long as 114910 is support look for 118170.
Alternative scenario:
below 114910, expect 113690 and 112960.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 114780 and 112632).
Supports and resistances:
119630 **
118900 *
118170 **
117430
115878 last
115400
114910 **
113690 *
112960 **
Our preference:
as long as 114910 is support look for 118170.
Alternative scenario:
below 114910, expect 113690 and 112960.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 114780 and 112632).
Supports and resistances:
119630 **
118900 *
118170 **
117430
115878 last
115400
114910 **
113690 *
112960 **
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