Bitcoin Intraday: technical rebound towards 119220 before a new drop
Jul 19, 2025 6:47 AM
technical rebound towards 119220 before a new drop.
Our pivot point is at 119220.
Our preference:
technical rebound towards 119220 before a new drop.
Alternative scenario:
above 119220, look for 120480 and 121220.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (118094) but below its 50 period moving average (118361).
Supports and resistances:
121220 **
120480 *
119220 **
118730
118188 last
116690
115950 **
115200 *
114460 **
Our preference:
technical rebound towards 119220 before a new drop.
Alternative scenario:
above 119220, look for 120480 and 121220.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (118094) but below its 50 period moving average (118361).
Supports and resistances:
121220 **
120480 *
119220 **
118730
118188 last
116690
115950 **
115200 *
114460 **
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