Bitcoin Short Term: as long as 111110 is support look for 133940
Jul 29, 2025 10:05 AM
as long as 111110 is support look for 133940.
Our pivot point stands at 111110.
Our preference:
as long as 111110 is support look for 133940.
Alternative scenario:
the downside breakout of 111110 would call for 102970 and 98120.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 118266 and 111372).
Supports and resistances:
143770 **
138860 *
133940 **
129030
118800 last
114300
111110 **
102970 *
98120 **
Our preference:
as long as 111110 is support look for 133940.
Alternative scenario:
the downside breakout of 111110 would call for 102970 and 98120.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 118266 and 111372).
Supports and resistances:
143770 **
138860 *
133940 **
129030
118800 last
114300
111110 **
102970 *
98120 **
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