Bitcoin Intraday: the upside prevails as long as 118040 is support
Jul 27, 2025 7:47 PM
the upside prevails as long as 118040 is support.
Our pivot point stands at 118040.
Our preference:
the upside prevails as long as 118040 is support.
Alternative scenario:
below 118040, expect 116840 and 116130.
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 above its 20 and 50 period moving average (respectively at 118622 and 118320).
Supports and resistances:
122680 **
121970 *
121260 **
120540
119022 last
118510
118040 **
116840 *
116130 **
Our preference:
the upside prevails as long as 118040 is support.
Alternative scenario:
below 118040, expect 116840 and 116130.
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 above its 20 and 50 period moving average (respectively at 118622 and 118320).
Supports and resistances:
122680 **
121970 *
121260 **
120540
119022 last
118510
118040 **
116840 *
116130 **
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