Bitcoin Intraday: the upside prevails as long as 118070 is support
Jul 13, 2025 7:50 PM
the upside prevails as long as 118070 is support.
Our pivot point stands at 118070.
Our preference:
the upside prevails as long as 118070 is support.
Alternative scenario:
the downside breakout of 118070 would call for 116810 and 116060.
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 118620 and 118035).
Supports and resistances:
123260 **
122510 *
121760 **
121010
119089 last
118570
118070 **
116810 *
116060 **
Our preference:
the upside prevails as long as 118070 is support.
Alternative scenario:
the downside breakout of 118070 would call for 116810 and 116060.
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 118620 and 118035).
Supports and resistances:
123260 **
122510 *
121760 **
121010
119089 last
118570
118070 **
116810 *
116060 **
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