Bitcoin Intraday: rebound towards 120340
Aug 14, 2025 7:47 PM
rebound towards 120340.
Our pivot point stands at 117340.
Our preference:
rebound towards 120340.
Alternative scenario:
the downside breakout of 117340 would call for 116270 and 115630.
Comment:
the RSI is below its neutrality area at 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 119003 and 121276).
Supports and resistances:
121620 **
120980 *
120340 **
119700
118244 last
117760
117340 **
116270 *
115630 **
Our preference:
rebound towards 120340.
Alternative scenario:
the downside breakout of 117340 would call for 116270 and 115630.
Comment:
the RSI is below its neutrality area at 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 119003 and 121276).
Supports and resistances:
121620 **
120980 *
120340 **
119700
118244 last
117760
117340 **
116270 *
115630 **
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