Bitcoin Intraday: our next up target stands at 121180
Aug 12, 2025 12:59 PM
our next up target stands at 121180.
Our pivot point is at 117650.
Our preference:
our next up target stands at 121180.
Alternative scenario:
the downside breakout of 117650 would call for 116580 and 115940.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118769 and 119140).
Supports and resistances:
122470 **
121830 *
121180 **
120540
119212 last
118070
117650 **
116580 *
115940 **
Our preference:
our next up target stands at 121180.
Alternative scenario:
the downside breakout of 117650 would call for 116580 and 115940.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118769 and 119140).
Supports and resistances:
122470 **
121830 *
121180 **
120540
119212 last
118070
117650 **
116580 *
115940 **
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