Bitcoin Intraday: the upside prevails as long as 118250 is support
Aug 15, 2025 8:40 AM
the upside prevails as long as 118250 is support.
Our pivot point is at 118250.
Our preference:
the upside prevails as long as 118250 is support.
Alternative scenario:
the downside breakout of 118250 would call for 117170 and 116530.
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 118870 and 119063).
Supports and resistances:
122460 **
121820 *
121170 **
120530
119234 last
118670
118250 **
117170 *
116530 **
Our preference:
the upside prevails as long as 118250 is support.
Alternative scenario:
the downside breakout of 118250 would call for 117170 and 116530.
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 118870 and 119063).
Supports and resistances:
122460 **
121820 *
121170 **
120530
119234 last
118670
118250 **
117170 *
116530 **
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