Bitcoin Intraday: the downside prevails as long as 119350 is resistance
Jul 25, 2025 12:03 AM
the downside prevails as long as 119350 is resistance.
Our pivot point stands at 119350.
Our preference:
the downside prevails as long as 119350 is resistance.
Alternative scenario:
above 119350, look for 120540 and 121250.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118840 and 118648).
Supports and resistances:
121250 **
120540 *
119350 **
118880
118390 last
116970
116260 **
115550 *
114840 **
Our preference:
the downside prevails as long as 119350 is resistance.
Alternative scenario:
above 119350, look for 120540 and 121250.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118840 and 118648).
Supports and resistances:
121250 **
120540 *
119350 **
118880
118390 last
116970
116260 **
115550 *
114840 **
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