Bitcoin Intraday: as long as 120840 is support look for 124160
Jul 14, 2025 1:02 PM
as long as 120840 is support look for 124160.
Our pivot point is at 120840.
Our preference:
as long as 120840 is support look for 124160.
Alternative scenario:
the downside breakout of 120840 would call for 119550 and 118780.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (121929) but above its 50 period moving average (120162).
Supports and resistances:
125690 **
124930 *
124160 **
123390
121854 last
121350
120840 **
119550 *
118780 **
Our preference:
as long as 120840 is support look for 124160.
Alternative scenario:
the downside breakout of 120840 would call for 119550 and 118780.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (121929) but above its 50 period moving average (120162).
Supports and resistances:
125690 **
124930 *
124160 **
123390
121854 last
121350
120840 **
119550 *
118780 **
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