Bitcoin Intraday: the downside prevails as long as 115490 is resistance
Aug 7, 2025 6:47 AM
the downside prevails as long as 115490 is resistance.

Our pivot point is at 115490.
Our preference:
the downside prevails as long as 115490 is resistance.
Alternative scenario:
above 115490, look for 116610 and 117270.
Comment:
the RSI is below 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 114796 and 114674).
Supports and resistances:
117270 **
116610 *
115490 **
115050
114612 last
113210
112550 **
111880 *
111220 **
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