Bitcoin Intraday: rebound towards 119680
Jul 22, 2025 12:02 AM
rebound towards 119680.
Our pivot point is at 116480.
Our preference:
rebound towards 119680.
Alternative scenario:
the downside breakout of 116480 would call for 115240 and 114500.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 117634 and 118108).
Supports and resistances:
121160 **
120420 *
119680 **
118940
117461 last
116970
116480 **
115240 *
114500 **
Our preference:
rebound towards 119680.
Alternative scenario:
the downside breakout of 116480 would call for 115240 and 114500.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 117634 and 118108).
Supports and resistances:
121160 **
120420 *
119680 **
118940
117461 last
116970
116480 **
115240 *
114500 **
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