Bitcoin Intraday: our next up target stands at 120920
Jul 24, 2025 8:41 AM
our next up target stands at 120920.
Our pivot point stands at 117740.
Our preference:
our next up target stands at 120920.
Alternative scenario:
below 117740, expect 116550 and 115840.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118526 and 118342).
Supports and resistances:
122350 **
121630 *
120920 **
120210
118787 last
118210
117740 **
116550 *
115840 **
Our preference:
our next up target stands at 120920.
Alternative scenario:
below 117740, expect 116550 and 115840.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118526 and 118342).
Supports and resistances:
122350 **
121630 *
120920 **
120210
118787 last
118210
117740 **
116550 *
115840 **
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