Bitcoin Intraday: technical rebound towards 119090 before a new drop
Jul 30, 2025 4:02 AM
technical rebound towards 119090 before a new drop.
Our pivot point stands at 119090.
Our preference:
technical rebound towards 119090 before a new drop.
Alternative scenario:
above 119090, look for 120280 and 120980.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (117743) but below its 50 period moving average (118151).
Supports and resistances:
120980 **
120280 *
119090 **
118630
118138 last
116730
116030 **
115330 *
114620 **
Our preference:
technical rebound towards 119090 before a new drop.
Alternative scenario:
above 119090, look for 120280 and 120980.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (117743) but below its 50 period moving average (118151).
Supports and resistances:
120980 **
120280 *
119090 **
118630
118138 last
116730
116030 **
115330 *
114620 **
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