Bitcoin Intraday: the upside prevails as long as 118350 is support
Jul 22, 2025 7:49 PM
the upside prevails as long as 118350 is support.
Our pivot point stands at 118350.
Our preference:
the upside prevails as long as 118350 is support.
Alternative scenario:
the downside breakout of 118350 would call for 117150 and 116440.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119059 and 118110).
Supports and resistances:
123270 **
122550 *
121830 **
121110
119308 last
118820
118350 **
117150 *
116440 **
Our preference:
the upside prevails as long as 118350 is support.
Alternative scenario:
the downside breakout of 118350 would call for 117150 and 116440.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119059 and 118110).
Supports and resistances:
123270 **
122550 *
121830 **
121110
119308 last
118820
118350 **
117150 *
116440 **
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