Bitcoin Intraday: the upside prevails as long as 116890 is support
Aug 16, 2025 7:47 PM
the upside prevails as long as 116890 is support.
Our pivot point stands at 116890.
Our preference:
the upside prevails as long as 116890 is support.
Alternative scenario:
the downside breakout of 116890 would call for 115820 and 115190.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 117715 and 117627).
Supports and resistances:
121020 **
120380 *
119750 **
119110
117791 last
117310
116890 **
115820 *
115190 **
Our preference:
the upside prevails as long as 116890 is support.
Alternative scenario:
the downside breakout of 116890 would call for 115820 and 115190.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 117715 and 117627).
Supports and resistances:
121020 **
120380 *
119750 **
119110
117791 last
117310
116890 **
115820 *
115190 **
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