Bitcoin Intraday: rebound towards 118540
Aug 8, 2025 7:47 PM
rebound towards 118540.
Our pivot point is at 115510.
Our preference:
rebound towards 118540.
Alternative scenario:
the downside breakout of 115510 would call for 114370 and 113700.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 116549 and 116818).
Supports and resistances:
119890 **
119220 *
118540 **
117860
116491 last
115950
115510 **
114370 *
113700 **
Our preference:
rebound towards 118540.
Alternative scenario:
the downside breakout of 115510 would call for 114370 and 113700.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 116549 and 116818).
Supports and resistances:
119890 **
119220 *
118540 **
117860
116491 last
115950
115510 **
114370 *
113700 **
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