Bitcoin Intraday: the downside prevails as long as 114390 is resistance
Aug 6, 2025 4:02 AM
the downside prevails as long as 114390 is resistance.

Our pivot point is at 114390.
Our preference:
the downside prevails as long as 114390 is resistance.
Alternative scenario:
the upside breakout of 114390, would call for 115500 and 116160.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 113727 and 113918).
Supports and resistances:
116160 **
115500 *
114390 **
113960
113525 last
112180
111520 **
110870 *
110210 **
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