Bitcoin Intraday: rebound
Aug 15, 2025 2:02 AM
rebound.
Our pivot point is at 117960.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 117960 would call for 116880 and 116240.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (118243) but under its 50 period moving average (120028).
Supports and resistances:
122010 **
121370 *
120730 **
120090
118806 last
118380
117960 **
116880 *
116240 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 117960 would call for 116880 and 116240.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (118243) but under its 50 period moving average (120028).
Supports and resistances:
122010 **
121370 *
120730 **
120090
118806 last
118380
117960 **
116880 *
116240 **
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