Bitcoin Intraday: rebound towards 120860
Aug 12, 2025 8:41 AM
rebound towards 120860.
Our pivot point is at 117840.
Our preference:
rebound towards 120860.
Alternative scenario:
the downside breakout of 117840 would call for 116680 and 115990.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118908 and 119553).
Supports and resistances:
122240 **
121550 *
120860 **
120170
118750 last
118300
117840 **
116680 *
115990 **
Our preference:
rebound towards 120860.
Alternative scenario:
the downside breakout of 117840 would call for 116680 and 115990.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118908 and 119553).
Supports and resistances:
122240 **
121550 *
120860 **
120170
118750 last
118300
117840 **
116680 *
115990 **
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