Bitcoin Intraday: the upside prevails as long as 118080 is support
Jul 24, 2025 7:47 PM
the upside prevails as long as 118080 is support.
118080 is our pivot point.
Our preference:
the upside prevails as long as 118080 is support.
Alternative scenario:
the downside breakout of 118080 would call for 116880 and 116170.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118821 and 118602).
Supports and resistances:
122800 **
122090 *
121370 **
120660
119099 last
118550
118080 **
116880 *
116170 **
Our preference:
the upside prevails as long as 118080 is support.
Alternative scenario:
the downside breakout of 118080 would call for 116880 and 116170.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118821 and 118602).
Supports and resistances:
122800 **
122090 *
121370 **
120660
119099 last
118550
118080 **
116880 *
116170 **
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