Bitcoin Intraday: the upside prevails as long as 117640 is support
Jul 16, 2025 12:59 PM
the upside prevails as long as 117640 is support.
Our pivot point is at 117640.
Our preference:
the upside prevails as long as 117640 is support.
Alternative scenario:
the downside breakout of 117640 would call for 116390 and 115640.
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 118341 and 117651).
Supports and resistances:
122780 **
122030 *
121280 **
120530
118701 last
118140
117640 **
116390 *
115640 **
Our preference:
the upside prevails as long as 117640 is support.
Alternative scenario:
the downside breakout of 117640 would call for 116390 and 115640.
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 118341 and 117651).
Supports and resistances:
122780 **
122030 *
121280 **
120530
118701 last
118140
117640 **
116390 *
115640 **
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