Bitcoin Intraday: as long as 117420 is support look for 120820
Jul 20, 2025 7:47 PM
as long as 117420 is support look for 120820.
Our pivot point is at 117420.
Our preference:
as long as 117420 is support look for 120820.
Alternative scenario:
below 117420, expect 116160 and 115420.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118312 and 118105).
Supports and resistances:
122310 **
121560 *
120820 **
120070
118400 last
117910
117420 **
116160 *
115420 **
Our preference:
as long as 117420 is support look for 120820.
Alternative scenario:
below 117420, expect 116160 and 115420.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118312 and 118105).
Supports and resistances:
122310 **
121560 *
120820 **
120070
118400 last
117910
117420 **
116160 *
115420 **
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