Bitcoin Intraday: the upside prevails as long as 117500 is support
Jul 31, 2025 4:02 AM
the upside prevails as long as 117500 is support.
Our pivot point is at 117500.
Our preference:
the upside prevails as long as 117500 is support.
Alternative scenario:
below 117500, expect 116320 and 115610.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 117659 and 117858).
Supports and resistances:
121960 **
121250 *
120550 **
119840
118434 last
117970
117500 **
116320 *
115610 **
Our preference:
the upside prevails as long as 117500 is support.
Alternative scenario:
below 117500, expect 116320 and 115610.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 117659 and 117858).
Supports and resistances:
121960 **
121250 *
120550 **
119840
118434 last
117970
117500 **
116320 *
115610 **
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