Bitcoin Intraday: under pressure below 119520
Jul 21, 2025 12:59 PM
under pressure below 119520.
Our pivot point is at 119520.
Our preference:
under pressure below 119520.
Alternative scenario:
the upside breakout of 119520, would call for 120780 and 121520.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 118708 and 118312).
Supports and resistances:
121520 **
120780 *
119520 **
119030
118211 last
116700
115950 **
115210 *
114460 **
Our preference:
under pressure below 119520.
Alternative scenario:
the upside breakout of 119520, would call for 120780 and 121520.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 118708 and 118312).
Supports and resistances:
121520 **
120780 *
119520 **
119030
118211 last
116700
115950 **
115210 *
114460 **
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