Bitcoin Short Term: the upside prevails as long as 112590 is support
Aug 12, 2025 10:05 AM
the upside prevails as long as 112590 is support.
Our pivot point stands at 112590.
Our preference:
the upside prevails as long as 112590 is support.
Alternative scenario:
the downside breakout of 112590 would call for 105150 and 100720.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 116712 and 114359).
Supports and resistances:
141500 **
137040 *
132580 **
128120
118444 last
115510
112590 **
105150 *
100720 **
Our preference:
the upside prevails as long as 112590 is support.
Alternative scenario:
the downside breakout of 112590 would call for 105150 and 100720.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 116712 and 114359).
Supports and resistances:
141500 **
137040 *
132580 **
128120
118444 last
115510
112590 **
105150 *
100720 **
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