Bitcoin Intraday: the upside prevails as long as 118390 is support
Jul 17, 2025 7:49 PM
the upside prevails as long as 118390 is support.
Our pivot point is at 118390.
Our preference:
the upside prevails as long as 118390 is support.
Alternative scenario:
below 118390, expect 117120 and 116370.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 118689 and 118733).
Supports and resistances:
123490 **
122730 *
121980 **
121220
119379 last
118880
118390 **
117120 *
116370 **
Our preference:
the upside prevails as long as 118390 is support.
Alternative scenario:
below 118390, expect 117120 and 116370.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 118689 and 118733).
Supports and resistances:
123490 **
122730 *
121980 **
121220
119379 last
118880
118390 **
117120 *
116370 **
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