Bitcoin Intraday: the upside prevails as long as 118170 is support
Jul 24, 2025 2:02 AM
the upside prevails as long as 118170 is support.
Our pivot point stands at 118170.
Our preference:
the upside prevails as long as 118170 is support.
Alternative scenario:
the downside breakout of 118170 would call for 116980 and 116260.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 118454 and 118493).
Supports and resistances:
122680 **
121970 *
121260 **
120540
119117 last
118650
118170 **
116980 *
116260 **
Our preference:
the upside prevails as long as 118170 is support.
Alternative scenario:
the downside breakout of 118170 would call for 116980 and 116260.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 118454 and 118493).
Supports and resistances:
122680 **
121970 *
121260 **
120540
119117 last
118650
118170 **
116980 *
116260 **
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