Bitcoin Intraday: the upside prevails as long as 117150 is support
Aug 17, 2025 6:47 AM
the upside prevails as long as 117150 is support.
117150 is our pivot point.
Our preference:
the upside prevails as long as 117150 is support.
Alternative scenario:
the downside breakout of 117150 would call for 116080 and 115450.
Comment:
the RSI is above its neutrality area at 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 117689 and 117687).
Supports and resistances:
121320 **
120680 *
120050 **
119410
117994 last
117570
117150 **
116080 *
115450 **
Our preference:
the upside prevails as long as 117150 is support.
Alternative scenario:
the downside breakout of 117150 would call for 116080 and 115450.
Comment:
the RSI is above its neutrality area at 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 117689 and 117687).
Supports and resistances:
121320 **
120680 *
120050 **
119410
117994 last
117570
117150 **
116080 *
115450 **
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