Bitcoin Intraday: the downside prevails as long as 113720 is resistance
Aug 2, 2025 7:47 PM
the downside prevails as long as 113720 is resistance.
Our pivot point stands at 113720.
Our preference:
the downside prevails as long as 113720 is resistance.
Alternative scenario:
the upside breakout of 113720, would call for 114850 and 115520.
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 113155 and 113461).
Supports and resistances:
115520 **
114850 *
113720 **
113280
112733 last
111250
110580 **
109910 *
109240 **
Our preference:
the downside prevails as long as 113720 is resistance.
Alternative scenario:
the upside breakout of 113720, would call for 114850 and 115520.
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 113155 and 113461).
Supports and resistances:
115520 **
114850 *
113720 **
113280
112733 last
111250
110580 **
109910 *
109240 **
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