Bitcoin Intraday: the downside prevails as long as 119120 is resistance
Jul 17, 2025 4:02 AM
the downside prevails as long as 119120 is resistance.
Our pivot point stands at 119120.
Our preference:
the downside prevails as long as 119120 is resistance.
Alternative scenario:
above 119120, look for 120370 and 121120.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 118923 and 118762).
Supports and resistances:
121120 **
120370 *
119120 **
118630
118131 last
116640
115900 **
115150 *
114410 **
Our preference:
the downside prevails as long as 119120 is resistance.
Alternative scenario:
above 119120, look for 120370 and 121120.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 118923 and 118762).
Supports and resistances:
121120 **
120370 *
119120 **
118630
118131 last
116640
115900 **
115150 *
114410 **
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