Bitcoin Intraday: rebound towards 121040
Aug 12, 2025 6:47 AM
rebound towards 121040.
Our pivot point stands at 117950.
Our preference:
rebound towards 121040.
Alternative scenario:
the downside breakout of 117950 would call for 116800 and 116110.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (118883) but below its 50 period moving average (119795).
Supports and resistances:
122420 **
121730 *
121040 **
120350
118887 last
118410
117950 **
116800 *
116110 **
Our preference:
rebound towards 121040.
Alternative scenario:
the downside breakout of 117950 would call for 116800 and 116110.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (118883) but below its 50 period moving average (119795).
Supports and resistances:
122420 **
121730 *
121040 **
120350
118887 last
118410
117950 **
116800 *
116110 **
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