Bitcoin Intraday: the downside prevails as long as 121050 is resistance
Jul 14, 2025 7:50 PM
the downside prevails as long as 121050 is resistance.
121050 is our pivot point.
Our preference:
the downside prevails as long as 121050 is resistance.
Alternative scenario:
the upside breakout of 121050, would call for 122320 and 123080.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 120814 and 120560).
Supports and resistances:
123080 **
122320 *
121050 **
120550
119752 last
118240
117490 **
116730 *
115980 **
Our preference:
the downside prevails as long as 121050 is resistance.
Alternative scenario:
the upside breakout of 121050, would call for 122320 and 123080.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 120814 and 120560).
Supports and resistances:
123080 **
122320 *
121050 **
120550
119752 last
118240
117490 **
116730 *
115980 **
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