Bitcoin Intraday: the upside prevails as long as 113050 is support
Aug 6, 2025 8:41 AM
the upside prevails as long as 113050 is support.
113050 is our pivot point.
Our preference:
the upside prevails as long as 113050 is support.
Alternative scenario:
the downside breakout of 113050 would call for 111940 and 111280.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 113851 and 113867).
Supports and resistances:
117380 **
116720 *
116060 **
115390
113926 last
113490
113050 **
111940 *
111280 **
Our preference:
the upside prevails as long as 113050 is support.
Alternative scenario:
the downside breakout of 113050 would call for 111940 and 111280.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 113851 and 113867).
Supports and resistances:
117380 **
116720 *
116060 **
115390
113926 last
113490
113050 **
111940 *
111280 **
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