Bitcoin Intraday: as long as 113470 is support look for 116580
Aug 4, 2025 8:40 AM
as long as 113470 is support look for 116580.
Our pivot point stands at 113470.
Our preference:
as long as 113470 is support look for 116580.
Alternative scenario:
below 113470, expect 112330 and 111650.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (114541) but above its 50 period moving average (114221).
Supports and resistances:
117950 **
117270 *
116580 **
115900
114539 last
113920
113470 **
112330 *
111650 **
Our preference:
as long as 113470 is support look for 116580.
Alternative scenario:
below 113470, expect 112330 and 111650.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (114541) but above its 50 period moving average (114221).
Supports and resistances:
117950 **
117270 *
116580 **
115900
114539 last
113920
113470 **
112330 *
111650 **
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