Bitcoin Intraday: the downside prevails as long as 118300 is resistance
Jul 21, 2025 12:02 AM
the downside prevails as long as 118300 is resistance.

Our pivot point is at 118300.
Our preference:
the downside prevails as long as 118300 is resistance.
Alternative scenario:
above 118300, look for 119540 and 120280.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118116 and 118069).
Supports and resistances:
120280 **
119540 *
118300 **
117810
117225 last
115720
114990 **
114250 *
113510 **
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