Bitcoin Intraday: the downside prevails as long as 117570 is resistance
Aug 8, 2025 12:59 PM
the downside prevails as long as 117570 is resistance.
117570 is our pivot point.
Our preference:
the downside prevails as long as 117570 is resistance.
Alternative scenario:
above 117570, look for 118700 and 119380.
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 stands below its 20 and 50 period moving average (respectively at 116736 and 116815).
Supports and resistances:
119380 **
118700 *
117570 **
117120
116569 last
115220
114540 **
113860 *
113190 **
Our preference:
the downside prevails as long as 117570 is resistance.
Alternative scenario:
above 117570, look for 118700 and 119380.
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 stands below its 20 and 50 period moving average (respectively at 116736 and 116815).
Supports and resistances:
119380 **
118700 *
117570 **
117120
116569 last
115220
114540 **
113860 *
113190 **
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