Bitcoin Intraday: the downside prevails as long as 119380 is resistance
Jul 17, 2025 8:41 AM
the downside prevails as long as 119380 is resistance.
Our pivot point stands at 119380.
Our preference:
the downside prevails as long as 119380 is resistance.
Alternative scenario:
above 119380, look for 120630 and 121380.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118465 and 118859).
Supports and resistances:
121380 **
120630 *
119380 **
118880
118263 last
116710
115970 **
115220 *
114480 **
Our preference:
the downside prevails as long as 119380 is resistance.
Alternative scenario:
above 119380, look for 120630 and 121380.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118465 and 118859).
Supports and resistances:
121380 **
120630 *
119380 **
118880
118263 last
116710
115970 **
115220 *
114480 **
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