Bitcoin Intraday: as long as 116880 is support look for 120220
Jul 11, 2025 7:50 PM
as long as 116880 is support look for 120220.
Our pivot point stands at 116880.
Our preference:
as long as 116880 is support look for 120220.
Alternative scenario:
the downside breakout of 116880 would call for 115630 and 114890.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 117726 and 116933).
Supports and resistances:
121700 **
120960 *
120220 **
119470
117943 last
117370
116880 **
115630 *
114890 **
Our preference:
as long as 116880 is support look for 120220.
Alternative scenario:
the downside breakout of 116880 would call for 115630 and 114890.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 117726 and 116933).
Supports and resistances:
121700 **
120960 *
120220 **
119470
117943 last
117370
116880 **
115630 *
114890 **
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