Bitcoin Intraday: the downside prevails as long as 119630 is resistance
Aug 12, 2025 12:03 AM
the downside prevails as long as 119630 is resistance.
Our pivot point is at 119630.
Our preference:
the downside prevails as long as 119630 is resistance.
Alternative scenario:
the upside breakout of 119630, would call for 120790 and 121480.
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 is trading under both its 20 and 50 period moving average (respectively at 119364 and 120298).
Supports and resistances:
121480 **
120790 *
119630 **
119180
118700 last
117300
116610 **
115920 *
115230 **
Our preference:
the downside prevails as long as 119630 is resistance.
Alternative scenario:
the upside breakout of 119630, would call for 120790 and 121480.
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 is trading under both its 20 and 50 period moving average (respectively at 119364 and 120298).
Supports and resistances:
121480 **
120790 *
119630 **
119180
118700 last
117300
116610 **
115920 *
115230 **
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