Bitcoin Intraday: the upside prevails as long as 114140 is support
Aug 7, 2025 8:40 AM
the upside prevails as long as 114140 is support.
114140 is our pivot point.
Our preference:
the upside prevails as long as 114140 is support.
Alternative scenario:
below 114140, expect 113020 and 112350.
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 trading above both its 20 and 50 period moving average (respectively at 114771 and 114742).
Supports and resistances:
118530 **
117860 *
117190 **
116520
115024 last
114580
114140 **
113020 *
112350 **
Our preference:
the upside prevails as long as 114140 is support.
Alternative scenario:
below 114140, expect 113020 and 112350.
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 trading above both its 20 and 50 period moving average (respectively at 114771 and 114742).
Supports and resistances:
118530 **
117860 *
117190 **
116520
115024 last
114580
114140 **
113020 *
112350 **
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