Bitcoin Intraday: the downside prevails as long as 117670 is resistance
Jul 30, 2025 7:49 PM
the downside prevails as long as 117670 is resistance.
Our pivot point stands at 117670.
Our preference:
the downside prevails as long as 117670 is resistance.
Alternative scenario:
the upside breakout of 117670, would call for 118830 and 119530.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 117672 and 117808).
Supports and resistances:
119530 **
118830 *
117670 **
117210
116741 last
114880
114190 **
113500 *
112810 **
Our preference:
the downside prevails as long as 117670 is resistance.
Alternative scenario:
the upside breakout of 117670, would call for 118830 and 119530.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 117672 and 117808).
Supports and resistances:
119530 **
118830 *
117670 **
117210
116741 last
114880
114190 **
113500 *
112810 **
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