Bitcoin Intraday: the upside prevails as long as 115160 is support
Aug 7, 2025 12:59 PM
the upside prevails as long as 115160 is support.
Our pivot point stands at 115160.
Our preference:
the upside prevails as long as 115160 is support.
Alternative scenario:
the downside breakout of 115160 would call for 114030 and 113360.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 115227 and 115060).
Supports and resistances:
119810 **
119140 *
118460 **
117790
116342 last
115610
115160 **
114030 *
113360 **
Our preference:
the upside prevails as long as 115160 is support.
Alternative scenario:
the downside breakout of 115160 would call for 114030 and 113360.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 115227 and 115060).
Supports and resistances:
119810 **
119140 *
118460 **
117790
116342 last
115610
115160 **
114030 *
113360 **
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