Bitcoin Intraday: the downside prevails as long as 120850 is resistance
Jul 15, 2025 12:05 AM
the downside prevails as long as 120850 is resistance.
Our pivot point stands at 120850.
Our preference:
the downside prevails as long as 120850 is resistance.
Alternative scenario:
the upside breakout of 120850, would call for 122120 and 122880.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 120072 and 120764).
Supports and resistances:
122880 **
122120 *
120850 **
120350
119855 last
118340
117580 **
116820 *
116070 **
Our preference:
the downside prevails as long as 120850 is resistance.
Alternative scenario:
the upside breakout of 120850, would call for 122120 and 122880.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 120072 and 120764).
Supports and resistances:
122880 **
122120 *
120850 **
120350
119855 last
118340
117580 **
116820 *
116070 **
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